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Browsing Chakraborty, Shankha by Subject "Macroeconomics"
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(University of Oregon, Dept. of Economics, 2003-02-01)We study bank-based and market-based financial systems in an endogenous growth model. Lending to firms is fraught with moral hazard as owner-managers may reduce investment profitability to enjoy private benefits. Bank ...
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(University of Oregon, Dept. of Economics, 2003-01-01)Distortions in private investment due to credit frictions, and in public investment due to corruption and bureaucratic inefficiencies, have both been suggested as important factors in accounting for the cross-country per ...
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(University of Oregon, Dept. of Economics, 2003-02-14)Numerous researchers have incorporated labor or credit market frictions within simple neoclassical models to (i) facilitate quick departures from the Arrow-Debreu world, thereby opening up the role for institutions, (ii) ...
Now showing items 1-3 of 3