Financial Globalization And The Governance Of Domestic Financial Intermediaries
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| Originally published | 2007 |
| Authors | Thierry Tressel |
| Thierry Verdier | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2383599 |
About Financial Globalization And The Governance Of Domestic Financial Intermediaries
We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. . . .