Law and Macro-Finance: The Legal Origins of Credit Booms and Busts
Law and Macro-Finance is a theoretical framework explaining the relationship between law and the macro-financial variables of liquidity and leverage. The framework's central theoretical claim is that strong creditor rights exacerbate the procyclicality of liquidity and leverage. Strong creditor...
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| Language: | English |
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2020
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| Online Access: | https://doi.org/10.7916/d8-phtg-4d59 |