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Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
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beobachteten Erwartungen privater Haushalte und Unternehmen zu berücksichtigen. …
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reliant on bank credit. The credit channel theory states that, for small enterprises, a stricter monetary policy stance …
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heavily reliant on bank credit. The credit channel theory states that, for small enterprises, a stricter monetary policy …
Persistent link: https://www.econbiz.de/10010469551