Larrain, Borja (contributor) - 2004
California for helpful comments. The author is grateful to Matías Braun for many conversations
that have been central for his understanding of financial development and business cycles. All errors
remain his.
This … of pure cash‐flow windfalls brought by lawsuits. In general, cash‐flow and
investment opportunity shocks are not easily identifiable by their sources, at least in terms
of the sources common to the literature on business … dominated by investment‐opportunity shocks–can give important insights not only
to finance, but also to business cycle theories and policy work.
It …