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Credit market frictions and the allocations of resources over the business cycle
- Source :
- Journal of Monetary Economics. Nov, 2003, Vol. 50 Issue 8, p1795, 24 p.
- Publication Year :
- 2003
-
Abstract
- The presence of credit market frictions implies that the ability to survive a recession depends on efficiency considerations alone. It is possible that recessions would have a more severe impact on some of the more efficient uses of resources while sparing those that are relatively less efficient.
Details
- Language :
- English
- ISSN :
- 03043932
- Volume :
- 50
- Issue :
- 8
- Database :
- Gale General OneFile
- Journal :
- Journal of Monetary Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.123107937