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Implications of Corporate Indebtedness for Monetary Policy

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NBER1990-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3266
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The extraordinary increase in reliance on debt by U.S. business in the 1980s has generated widespread concern that overextended borrowers may become unable to meet their obligations and that proliferating defaults could then lead to some kind of rupture of the financial system, with ensuing
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1990-02-01
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