Credit crunches, asset prices and technological change
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DOI: 10.1016/j.red.2019.02.001
Abstract: We investigate the effects of a credit crunch in an economy where firms can retain a mature technology or adopt a new technology. We show that firms' collateral eases firms' access to credit and investment… read more here.
Keywords: crunches asset; prices technological; asset; credit crunches ... See more keywords