the limiting value of ∂∏ explicitly as rD → rE, which becomes
1. r rD rD 1 R 3R - √R2 - 8crE 1 2R
rD→mE VD rE + q √R2 - 8crD ) = 4 rE √R2 - 8crE > 4 rE √R2 - 8crE
>0
Therefore, k > 0 even for the case where there is an excess demand for credit. □
34
More intriguing information
1. Do Decision Makers' Debt-risk Attitudes Affect the Agency Costs of Debt?2. The Trade Effects of MERCOSUR and The Andean Community on U.S. Cotton Exports to CBI countries
3. Commuting in multinodal urban systems: An empirical comparison of three alternative models
4. Psychological Aspects of Market Crashes
5. Developments and Development Directions of Electronic Trade Platforms in US and European Agri-Food Markets: Impact on Sector Organization
6. The name is absent
7. Fiscal Insurance and Debt Management in OECD Economies
8. Herman Melville and the Problem of Evil
9. Om Økonomi, matematik og videnskabelighed - et bud på provokation
10. Structural Breakpoints in Volatility in International Markets