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Browsing ADEMU Working Papers Series by Subject "Internal persistence of financial shocks"

Browsing ADEMU Working Papers Series by Subject "Internal persistence of financial shocks"

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  • Straub, Ludwig; Ulbricht, Robert (2017-03)
    We develop a theory of endogenous uncertainty where the ability of investors to learn about firm-level fundamentals declines during financial crises. At the same time, higher uncertainty reinforces financial distress of ...

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