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Capital market imperfection |
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Capital market imperfectionAnything that interferes with the ability of economic agents to borrow and lend as much as they wish at a fixed rate of interest that truly reflects probability of repayment. A common source of imperfection is asymmetric information.Similar MatchesMarket imperfectionMarket imperfectionAny departure from the ideal benchmark of perfect competition, due to externalities, taxes, market power, etc. |
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