The monetary policy affects the economy through the LM-relation. When money supply changes, the interest rate and aggregate demand also change. The main objective of this paper is to empirically analyze and quantify the effect of changes in the supply of bank credit
The main purpose of a bankruptcy is to settle accounts with creditors and to establish a market value for the company as a whole. This paper deals with Finnish bankruptcies. It shows that bankruptcies are strongly related to the business cycle and
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