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Dynamic Equilibrium in a Competitive Credit Market: Intertemporal Contracting as Insurance against Rationing. Appendix

机译:竞争性信贷市场的动态均衡:跨期承包作为定额保险。附录

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摘要

The report contains proofs for a dynamic model of credit market equilibrium. An accompaning report (PB88-185897) examines the intertemporal contracting issues of the model in an informationally constrained, competitive credit market in which borrowers have access to collateral.

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