LIBROS DEL AUTOR: stephane verani

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  • Finance and Economics Discussion Series
    Stephane Verani / Till Gross / United States Federal Reserve Board
    There is growing empirical support for the conjecture that access to credit is an important determinant of firms’ export decisions. We study a multi-country general equilibrium economy in which entrepreneurs and lenders engage in long-term credit relationships. Financial constraints arise in consequence of financials contracts that are optimal given information asymmetry. Consi...
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