Browsing Department of Economics by Subject "JEL Classification Number: G20"
Now showing items 1-2 of 2
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(Vanderbilt University, 2002)This paper develops an overlapping-generations model of finance and growth with intrinsic heterogeneity in loanable fund conversion ability, where agents make occupational choice between becoming entrepreneurs and becoming ...
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(Vanderbilt University, 2007)We build a model in which financial intermediaries provide insurance to households against idiosyncratic liquidity shocks. Households can invest in financial markets directly if they pay a cost. In equilibrium, the ability ...