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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-opus-10194
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.9397
Alternative Links zum Volltext:
Zusammenfassung
This paper analyzes the effects of bank lending on German commercial property prices. The theory on the role of financial intermediaries in business cycle activity states that lending activity is characterized by asymmetric information between borrowers and lenders. As a consequence, interest rates may not move to clear lending markets (as in models with moral hazard and adverse selection ...
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