Credit markets and international capital
The first essay examines the problem of adverse selection when borrowers have private information about uncertain investment opportunities and are afforded the protection of limited liability. In particular, it considers how screening devices such as leverage ratios and interest rates can be used to...
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University of Cambridge
2002
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.596633 |