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Franklin Allen, Douglas Gale, From Cash-in-the-Market Pricing to Financial Fragility, Journal of the European Economic Association, Volume 3, Issue 2-3, 1 May 2005, Pages 535–546, https://doi.org/10.1162/jeea.2005.3.2-3.535
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Abstract
We review some recent research that explores the relationship between asset-price volatility and financial fragility when markets and contracts are incomplete.
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© 2005 by the European Economic Association
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