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Finance and growth

Finance and growth. Introduction. What is finance? Instruments: loans, shares, other securities Institutions: banks, stock markets, etc. Why could finance matter for growth? Firms need finance in order to invest, especially if they do not have cash

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407 views • 25 slides

The Paradox of Liquidity

FIN 7340 Corporate Theory II. Dr. Nina Baranchuk. The Paradox of Liquidity. Stewart C. Myers Raghuram G. Rajan Presented by: Michael Keefe February 13, 2007. External Financing and Liquidity. Tension Illiquidity => creditors get less if seize and sell assets

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297 views • 24 slides

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Liquid projects - PowerPoint PPT Presentation

Finance and growth

The Paradox of Liquidity