Credit access, human capital and class structure mobility
نویسندگان
چکیده
منابع مشابه
Credit Risk, Credit Crunch and Capital Structure
A firm partially financed by debt is considered. The firm is subject to two types of shocks: macro-shocks modeled as a finite state Markov chain, and idiosyncratic shocks. The dynamics of the latter may depend on the state of the macroeconomy; the state of the economy is determined not only by fundamentals but the market sentiment as well. The lenders are competitive and debt is rolled over unt...
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ژورنال
عنوان ژورنال: Journal of Development Studies
سال: 1999
ISSN: 0022-0388,1743-9140
DOI: 10.1080/00220389908422605