Financial Capacity, Reliquification, and Production in an Economy with Long-Term Financial Arrangements
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This paper characterizes a multi-period production economy in which borrowers and lenders enter long-term financial contracts. A key feature is that aggregate production and borrowers' capacity to absorb debt -- their "financial capacity" - are jointly determined endogenous variables, in the spirit
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美国国家经济研究局创建时间：
1988-11-01
