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Journal Articles
Journal Articles
Journal of Economic Studies (2020) 47 (6): 1437–1465.
Published: 09 June 2020
... C25 C41 E51 Credit has always been regarded by the economic theory as important to support investment and ultimately economic growth. However, when credit grows too fast, financing ends up being extended to riskier investment projects with inferior net present value, fraudulent behaviour...

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