Risks of no functional specification

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  • Tham khảo tài liệu 'activity 12.1: risks of no functional specification', công nghệ thông tin, tin học văn phòng phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

    pdf4p batoan 11-08-2009 92 9   Download

  • The so called portfolio approach to credit supply (for an overview see Fase (1995)) starts with the assumption that banks maximize a utility function under a set of balance sheet constraints which allows to derive directly credit supply functions. However, the derivation assumes a perfect financial market while treating the private sector (comprising the corporate and household sectors) as one homogeneous entity. These limitations restrict the use of this model when trying to address the specific issues related to corporate finance in imperfect markets.

    pdf87p enterroi 01-02-2013 29 5   Download

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