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Bank loans and marketable securities: how do financial contracts control borrowing firms?

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  • Mitchell Berlin

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  • Mitchell Berlin, 1987. "Bank loans and marketable securities: how do financial contracts control borrowing firms?," Business Review, Federal Reserve Bank of Philadelphia, issue Jul, pages 9-18.
    • Handle: RePEc:fip:fedpbr:y:1987:i:jul:p:9-18
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/1987/brja87mb.pdf
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    References listed on IDEAS

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    1. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    2. Campbell, Tim S & Kracaw, William A, 1980. "Information Production, Market Signalling, and the Theory of Financial Intermediation," Journal of Finance, American Finance Association, vol. 35(4), pages 863-882, September.
    3. Gorton, Gary B. & Haubrich, Joseph G., 1987. "Bank deregulation, credit markets, and the control of capital," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 26(1), pages 289-333, January.
    4. Mitchell Berlin & Jan Loeys, 1986. "The choice between bonds and bank loans," Working Papers 86-18, Federal Reserve Bank of Philadelphia.
    5. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    6. Stiglitz, Joseph E, 1985. "Credit Markets and the Control of Capital," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 133-152, May.
    7. Smith, Clifford Jr. & Warner, Jerold B., 1979. "On financial contracting : An analysis of bond covenants," Journal of Financial Economics, Elsevier, vol. 7(2), pages 117-161, June.
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    Cited by:

    1. Clare, Andrew & Gulamhussen, Mohamed Azzim & Pinheiro, Carlos, 2013. "What factors cause foreign banks to stay in London?," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 739-761.
    2. Gulamhussen, Mohamed Azzim, 2007. "Choice of scale by banks in financial centers," International Business Review, Elsevier, vol. 16(4), pages 507-525, August.
    3. Elijah Brewer & Hesna Genay & George G. Kaufman, 2003. "Banking relationships during financial distress: the evidence from Japan," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 27(Q III), pages 2-18.

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