Financial Fragility and the Great Depression
收藏NBER1997-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6094
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资源简介：
We analyze a financial collapse, such as the one which occurred during the Great Depression, from the perspective of a monetary model with multiple equilibria. The economy we consider contains financial fragility due to increasing returns to scale in the intermediation process. Intermediaries
提供机构：
美国国家经济研究局
创建时间：
1997-07-01
