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A theory of operational cash holding, endogenous financial constraints, and credit rationing

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Figure

Table 1: Illustration of the model
Figure 2: Average cash holding (c), liquidity shortages (E shortage) and credit lines over time (s) 1998 2000 2002 2004 2006 2008 2010 201281012141618 yearPercent(%) cs E shortage
Table 2: Descriptive statistics
Table 3: Standard models with fixed-e ffects
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