Institutional Innovation and the Creation of Liquid Financial Markets : The Case of Bankers ’ Acceptances , 1914 – 1934
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چکیده
Association. All rights reserved. ISSN 0022-0557. J. Peter Ferderer is Associate Professor, Department of Economics, Macalester College, 1600 Grand Avenue, St. Paul, MN 55105. E-mail: [email protected]. The author thanks Mike Haupert, William Roberds, and Ellis Tallman for their useful comments and suggestions, and Susan Isaac for her excellent editorial assistance. All errors are the responsibility of the author. 1 Burgess, Reserve Banks, p. 144. 2 For an excellent discussion of this issue, see Levine, “Financial Development.” 3 Hicks, Theory, pp. 143–45. 4 Davis and Gallman, Evolving Financial Markets.
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تاریخ انتشار 2003