【正文】
ncluding the banks themselves, pointed to made it extremely difficult to raise the capital needed to make positiveNPV loans, Thus, a primary rationale for governmental bailouts during the crisis was to provide banks with capital directly, alleviating their debt overhang and increasing the availability of credit to the rest of the economy. Bailouts, Distress Cost, and Debt Overhang 銀行紓困、危機成本和債務(wù)積壓 ?公司和金融機構(gòu) 在 2020年金融危機中經(jīng)歷了許多財務(wù) 困境 ,我們所描述的相關(guān) 成本 ,對實體經(jīng)濟 有 進一步 的消極後果。 ?特別關(guān)注的是銀行似乎不願意在合理的條件 下 貸款 給 借款人。一種可能的解釋是,借款人 沒有良好的 信譽,