MONETARY POLICY, DEBT AND THE CYCLICAL BEHAVIOR OF INVENTORIES
An earlier study on the determinants of inventories investment has been proposed by Lovel (1961). However, the study fails to mention the effects of financial variables. The puzzle prevails on account of imperfect capital markets. This implies that interest rate generally affects inventory investmen...
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[Yogyakarta] : Universitas Gadjah Mada
2007
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