Aspects of Monetary and Banking Theory and Moral Hazard

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  • SUDIPTO BHATTACHARYA

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    • Graduate School of Business, Stanford University. I would like to thank Stanley Fischer and Robert E. Lucas, Jr. for much of my education in this area. Discussions with V. V. Chari, Joseph Farell, Charles Kahn, and Larry Weiss, and comments from Donald D. Hester have been very useful. This research was supported by the Stanford Program in Finance.

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