id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
x633dz04p80	Zhiyi Wei	Essays on Incomplete Financial Markets and the Macroeconomy	2022		.txt	text/plain	167	8	31	According to the model, the observed long-term trends in the US credit market can be explained by a steady improvement of uncollateralized lending in mitigating financial frictions. The model that combines the costly state verification model and collateral constraints suggests that the credit market favors the type of debt that mitigates the credit frictions more efficiently.	cache/x633dz04p80.txt	txt/x633dz04p80.txt