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Explain the capital arbitrage hypothesis and discuss its impact on the banking system. What are the impacts, if any, to the real economy? Discuss.
Explain the capital arbitrage hypothesis and discuss its impact on the banking system. What are the impacts, if any, to the real economy? Discuss.
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
