Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships
- 1 July 1992
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 59 (3) , 455-472
- https://doi.org/10.2307/2297859
Abstract
This paper motivates a financial propagation mechanism in the context of an intertemporal production economy with asymmetric information, and with boAll Related Versions
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