Credit Investments and the Macroeconomy
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English

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This book relates the literatures of finance industrial economics and investment to the theoretical framework of the credit view. First banks'' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm in a model where the investment and financial decisions of the firm are taken simultaneously.
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