Craig, Ben R. (contributor); … - 2006
). The change in aggregate loans, however, presents an incomplete and at times misleading
picture of the market. An aggregate … Depression was less severe than
that of the U.S.
Furthermore, as in the labor literature, concentrating on gross ows cuts the … data in a manner
more appropriate for models that emphasize search frictions in the banking market, such as Wasmer
and Weil …