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This paper shows that the effect of inflation on asset prices and real aggregates depends on the financial intermediation sector. When firms finance using nominal long-term debt issued by financial intermediaries, unexpected changes in inflation lead to a wealth transfer across sectors. Higher...
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finding of the square measure of competition is supported by competition stability theory. However, this study also proved …
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implications for the LVTS. Through simulation analysis, the authors quantitatively assess the potential impacts of a disruption to …
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