A Dynamic General Equilibrium Framework of Investment with Financing Constraint

A Dynamic General Equilibrium Framework of Investment with Financing Constraint
In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects, which have been widely regarded as an important determinant of financial crises. We derive a link between the value of the firm and the social... READ MORE...

Publication date: February 2002
ISBN 9781451846119
$15.00

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