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We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...
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model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign … importance of the financial accelerator in India and the optimality of monetary policy …
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model includes a financial accelerator--entrepreneurs are assumed to partially finance investment using domestic and foreign … importance of the financial accelerator in India and the optimality of monetary policy …
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