id	sid	tid	token	lemma	pos
ajeer-262	1	1	16	16	NUM
ajeer-262	1	2	©	©	PROPN
ajeer-262	1	3	2019	2019	NUM
ajeer-262	1	4	by	by	ADP
ajeer-262	1	5	the	the	DET
ajeer-262	1	6	authors	author	NOUN
ajeer-262	1	7	;	;	PUNCT
ajeer-262	1	8	licensee	licensee	PROPN
ajeer-262	1	9	asian	asian	ADJ
ajeer-262	1	10	online	online	PROPN
ajeer-262	1	11	journal	journal	PROPN
ajeer-262	1	12	publishing	publishing	PROPN
ajeer-262	1	13	group	group	PROPN
ajeer-262	1	14	asian	asian	PROPN
ajeer-262	1	15	journal	journal	PROPN
ajeer-262	1	16	of	of	ADP
ajeer-262	1	17	economics	economic	NOUN
ajeer-262	1	18	and	and	CCONJ
ajeer-262	1	19	empirical	empirical	ADJ
ajeer-262	1	20	research	research	NOUN
ajeer-262	1	21	vol	vol	NOUN
ajeer-262	1	22	.	.	PROPN
ajeer-262	2	1	6	6	NUM
ajeer-262	2	2	,	,	PUNCT
ajeer-262	2	3	no	no	INTJ
ajeer-262	2	4	.	.	NOUN
ajeer-262	2	5	1	1	NUM
ajeer-262	2	6	,	,	PUNCT
ajeer-262	2	7	16	16	NUM
ajeer-262	2	8	-	-	SYM
ajeer-262	2	9	26	26	NUM
ajeer-262	2	10	,	,	PUNCT
ajeer-262	2	11	2019	2019	NUM
ajeer-262	2	12	issn(e	issn(e	NOUN
ajeer-262	2	13	)	)	PUNCT
ajeer-262	2	14	2409	2409	NUM
ajeer-262	2	15	-	-	SYM
ajeer-262	2	16	2622/	2622/	NUM
ajeer-262	2	17	issn(p	issn(p	NOUN
ajeer-262	2	18	)	)	PUNCT
ajeer-262	2	19	2518	2518	NUM
ajeer-262	2	20	-	-	PUNCT
ajeer-262	2	21	010x	010x	ADJ
ajeer-262	2	22	doi	doi	NOUN
ajeer-262	2	23	:	:	PUNCT
ajeer-262	2	24	10.20448	10.20448	NUM
ajeer-262	2	25	/	/	SYM
ajeer-262	2	26	journal.501.2019.61.16.26	journal.501.2019.61.16.26	PROPN
ajeer-262	2	27	©	©	PROPN
ajeer-262	2	28	2019	2019	NUM
ajeer-262	2	29	by	by	ADP
ajeer-262	2	30	the	the	DET
ajeer-262	2	31	authors	author	NOUN
ajeer-262	2	32	;	;	PUNCT
ajeer-262	2	33	licensee	licensee	PROPN
ajeer-262	2	34	asian	asian	ADJ
ajeer-262	2	35	online	online	PROPN
ajeer-262	2	36	journal	journal	PROPN
ajeer-262	2	37	publishing	publishing	NOUN
ajeer-262	2	38	group	group	NOUN
ajeer-262	2	39	business	business	NOUN
ajeer-262	2	40	cycles	cycle	NOUN
ajeer-262	2	41	and	and	CCONJ
ajeer-262	2	42	financial	financial	ADJ
ajeer-262	2	43	frictions	friction	NOUN
ajeer-262	2	44	under	under	ADP
ajeer-262	2	45	money	money	NOUN
ajeer-262	2	46	growth	growth	NOUN
ajeer-262	2	47	rule	rule	NOUN
ajeer-262	2	48	wondemhunegn	wondemhunegn	ADJ
ajeer-262	2	49	ezezew	ezezew	PROPN
ajeer-262	2	50	melesse1	melesse1	PROPN
ajeer-262	2	51	1university	1university	NUM
ajeer-262	2	52	of	of	ADP
ajeer-262	2	53	gondar	gondar	PROPN
ajeer-262	2	54	,	,	PUNCT
ajeer-262	2	55	gondar	gondar	PROPN
ajeer-262	2	56	,	,	PUNCT
ajeer-262	2	57	ethiopia	ethiopia	PROPN
ajeer-262	2	58	abstract	abstract	NOUN
ajeer-262	2	59	in	in	ADP
ajeer-262	2	60	the	the	DET
ajeer-262	2	61	last	last	ADJ
ajeer-262	2	62	few	few	ADJ
ajeer-262	2	63	years	year	NOUN
ajeer-262	2	64	,	,	PUNCT
ajeer-262	2	65	macroeconomic	macroeconomic	ADJ
ajeer-262	2	66	modeling	modeling	NOUN
ajeer-262	2	67	has	have	AUX
ajeer-262	2	68	emphasized	emphasize	VERB
ajeer-262	2	69	the	the	DET
ajeer-262	2	70	role	role	NOUN
ajeer-262	2	71	of	of	ADP
ajeer-262	2	72	credit	credit	NOUN
ajeer-262	2	73	market	market	NOUN
ajeer-262	2	74	frictions	friction	NOUN
ajeer-262	2	75	in	in	ADP
ajeer-262	2	76	magnifying	magnify	VERB
ajeer-262	2	77	and	and	CCONJ
ajeer-262	2	78	transmitting	transmit	VERB
ajeer-262	2	79	nominal	nominal	ADJ
ajeer-262	2	80	and	and	CCONJ
ajeer-262	2	81	real	real	ADJ
ajeer-262	2	82	disturbances	disturbance	NOUN
ajeer-262	2	83	and	and	CCONJ
ajeer-262	2	84	their	their	PRON
ajeer-262	2	85	implication	implication	NOUN
ajeer-262	2	86	for	for	ADP
ajeer-262	2	87	macro	macro	ADJ
ajeer-262	2	88	-	-	ADJ
ajeer-262	2	89	prudential	prudential	ADJ
ajeer-262	2	90	policy	policy	NOUN
ajeer-262	2	91	design	design	NOUN
ajeer-262	2	92	.	.	PUNCT
ajeer-262	3	1	in	in	ADP
ajeer-262	3	2	this	this	DET
ajeer-262	3	3	paper	paper	NOUN
ajeer-262	3	4	,	,	PUNCT
ajeer-262	3	5	i	i	PRON
ajeer-262	3	6	construct	construct	VERB
ajeer-262	3	7	a	a	DET
ajeer-262	3	8	modest	modest	ADJ
ajeer-262	3	9	new	new	ADJ
ajeer-262	3	10	keynesian	keynesian	ADJ
ajeer-262	3	11	general	general	ADJ
ajeer-262	3	12	equilibrium	equilibrium	NOUN
ajeer-262	3	13	model	model	NOUN
ajeer-262	3	14	with	with	ADP
ajeer-262	3	15	active	active	ADJ
ajeer-262	3	16	banking	banking	NOUN
ajeer-262	3	17	sector	sector	NOUN
ajeer-262	3	18	.	.	PUNCT
ajeer-262	4	1	in	in	ADP
ajeer-262	4	2	this	this	DET
ajeer-262	4	3	set	set	NOUN
ajeer-262	4	4	-	-	PUNCT
ajeer-262	4	5	up	up	NOUN
ajeer-262	4	6	,	,	PUNCT
ajeer-262	4	7	the	the	DET
ajeer-262	4	8	financial	financial	ADJ
ajeer-262	4	9	sector	sector	NOUN
ajeer-262	4	10	interacts	interact	VERB
ajeer-262	4	11	with	with	ADP
ajeer-262	4	12	the	the	DET
ajeer-262	4	13	real	real	ADJ
ajeer-262	4	14	side	side	NOUN
ajeer-262	4	15	of	of	ADP
ajeer-262	4	16	the	the	DET
ajeer-262	4	17	economy	economy	NOUN
ajeer-262	4	18	via	via	ADP
ajeer-262	4	19	firm	firm	ADJ
ajeer-262	4	20	balance	balance	NOUN
ajeer-262	4	21	sheet	sheet	NOUN
ajeer-262	4	22	and	and	CCONJ
ajeer-262	4	23	bank	bank	NOUN
ajeer-262	4	24	capital	capital	NOUN
ajeer-262	4	25	conditions	condition	NOUN
ajeer-262	4	26	and	and	CCONJ
ajeer-262	4	27	through	through	ADP
ajeer-262	4	28	their	their	PRON
ajeer-262	4	29	impact	impact	NOUN
ajeer-262	4	30	on	on	ADP
ajeer-262	4	31	investment	investment	NOUN
ajeer-262	4	32	and	and	CCONJ
ajeer-262	4	33	production	production	NOUN
ajeer-262	4	34	decisions	decision	NOUN
ajeer-262	4	35	.	.	PUNCT
ajeer-262	5	1	i	i	PRON
ajeer-262	5	2	rely	rely	VERB
ajeer-262	5	3	on	on	ADP
ajeer-262	5	4	the	the	DET
ajeer-262	5	5	financial	financial	ADJ
ajeer-262	5	6	accelerator	accelerator	NOUN
ajeer-262	5	7	mechanism	mechanism	NOUN
ajeer-262	5	8	due	due	ADP
ajeer-262	5	9	to	to	ADP
ajeer-262	5	10	bernanke	bernanke	PROPN
ajeer-262	5	11	et	et	PROPN
ajeer-262	5	12	al	al	PROPN
ajeer-262	5	13	.	.	PROPN
ajeer-262	6	1	(	(	PUNCT
ajeer-262	6	2	1999	1999	NUM
ajeer-262	6	3	)	)	PUNCT
ajeer-262	7	1	and	and	CCONJ
ajeer-262	7	2	combine	combine	VERB
ajeer-262	7	3	it	it	PRON
ajeer-262	7	4	with	with	ADP
ajeer-262	7	5	a	a	DET
ajeer-262	7	6	bank	bank	NOUN
ajeer-262	7	7	capital	capital	NOUN
ajeer-262	7	8	channel	channel	NOUN
ajeer-262	7	9	as	as	SCONJ
ajeer-262	7	10	demonstrated	demonstrate	VERB
ajeer-262	7	11	by	by	ADP
ajeer-262	7	12	aguiar	aguiar	NOUN
ajeer-262	7	13	and	and	CCONJ
ajeer-262	7	14	drumond	drumond	NOUN
ajeer-262	7	15	(	(	PUNCT
ajeer-262	7	16	2007	2007	NUM
ajeer-262	7	17	)	)	PUNCT
ajeer-262	7	18	.	.	PUNCT
ajeer-262	8	1	the	the	DET
ajeer-262	8	2	resulting	result	VERB
ajeer-262	8	3	model	model	NOUN
ajeer-262	8	4	is	be	AUX
ajeer-262	8	5	calibrated	calibrate	VERB
ajeer-262	8	6	from	from	ADP
ajeer-262	8	7	the	the	DET
ajeer-262	8	8	perspective	perspective	NOUN
ajeer-262	8	9	of	of	ADP
ajeer-262	8	10	a	a	DET
ajeer-262	8	11	low	low	ADJ
ajeer-262	8	12	-	-	PUNCT
ajeer-262	8	13	income	income	NOUN
ajeer-262	8	14	economy	economy	NOUN
ajeer-262	8	15	reflecting	reflect	VERB
ajeer-262	8	16	the	the	DET
ajeer-262	8	17	existence	existence	NOUN
ajeer-262	8	18	of	of	ADP
ajeer-262	8	19	relatively	relatively	ADV
ajeer-262	8	20	high	high	ADJ
ajeer-262	8	21	investment	investment	NOUN
ajeer-262	8	22	adjustment	adjustment	NOUN
ajeer-262	8	23	cost	cost	NOUN
ajeer-262	8	24	,	,	PUNCT
ajeer-262	8	25	strong	strong	ADJ
ajeer-262	8	26	fiscal	fiscal	ADJ
ajeer-262	8	27	dominance	dominance	NOUN
ajeer-262	8	28	,	,	PUNCT
ajeer-262	8	29	and	and	CCONJ
ajeer-262	8	30	underdeveloped	underdeveloped	ADJ
ajeer-262	8	31	financial	financial	ADJ
ajeer-262	8	32	and	and	CCONJ
ajeer-262	8	33	capital	capital	NOUN
ajeer-262	8	34	markets	market	NOUN
ajeer-262	8	35	.	.	PUNCT
ajeer-262	9	1	the	the	DET
ajeer-262	9	2	main	main	ADJ
ajeer-262	9	3	objective	objective	NOUN
ajeer-262	9	4	of	of	ADP
ajeer-262	9	5	this	this	DET
ajeer-262	9	6	exercise	exercise	NOUN
ajeer-262	9	7	is	be	AUX
ajeer-262	9	8	to	to	PART
ajeer-262	9	9	see	see	VERB
ajeer-262	9	10	whether	whether	SCONJ
ajeer-262	9	11	the	the	DET
ajeer-262	9	12	financial	financial	ADJ
ajeer-262	9	13	accelerator	accelerator	NOUN
ajeer-262	9	14	mechanism	mechanism	NOUN
ajeer-262	9	15	documented	document	VERB
ajeer-262	9	16	under	under	ADP
ajeer-262	9	17	interest	interest	NOUN
ajeer-262	9	18	-	-	PUNCT
ajeer-262	9	19	rate	rate	NOUN
ajeer-262	9	20	-	-	PUNCT
ajeer-262	9	21	rule	rule	NOUN
ajeer-262	9	22	based	base	VERB
ajeer-262	9	23	simulations	simulation	NOUN
ajeer-262	9	24	could	could	AUX
ajeer-262	9	25	be	be	AUX
ajeer-262	9	26	replicated	replicate	VERB
ajeer-262	9	27	under	under	ADP
ajeer-262	9	28	a	a	DET
ajeer-262	9	29	situation	situation	NOUN
ajeer-262	9	30	where	where	SCONJ
ajeer-262	9	31	the	the	DET
ajeer-262	9	32	central	central	ADJ
ajeer-262	9	33	bank	bank	NOUN
ajeer-262	9	34	uses	use	VERB
ajeer-262	9	35	money	money	NOUN
ajeer-262	9	36	growth	growth	NOUN
ajeer-262	9	37	rule	rule	NOUN
ajeer-262	9	38	in	in	ADP
ajeer-262	9	39	stabilizing	stabilize	VERB
ajeer-262	9	40	the	the	DET
ajeer-262	9	41	national	national	ADJ
ajeer-262	9	42	economy	economy	NOUN
ajeer-262	9	43	.	.	PUNCT
ajeer-262	10	1	the	the	DET
ajeer-262	10	2	findings	finding	NOUN
ajeer-262	10	3	are	be	AUX
ajeer-262	10	4	broadly	broadly	ADV
ajeer-262	10	5	consistent	consistent	ADJ
ajeer-262	10	6	with	with	ADP
ajeer-262	10	7	previous	previous	ADJ
ajeer-262	10	8	studies	study	NOUN
ajeer-262	10	9	that	that	PRON
ajeer-262	10	10	demonstrated	demonstrate	VERB
ajeer-262	10	11	stronger	strong	ADJ
ajeer-262	10	12	role	role	NOUN
ajeer-262	10	13	for	for	ADP
ajeer-262	10	14	credit	credit	NOUN
ajeer-262	10	15	market	market	NOUN
ajeer-262	10	16	imperfections	imperfection	NOUN
ajeer-262	10	17	in	in	ADP
ajeer-262	10	18	amplifying	amplify	VERB
ajeer-262	10	19	and	and	CCONJ
ajeer-262	10	20	propagating	propagate	VERB
ajeer-262	10	21	monetary	monetary	ADJ
ajeer-262	10	22	policy	policy	NOUN
ajeer-262	10	23	shocks	shock	NOUN
ajeer-262	10	24	.	.	PUNCT
ajeer-262	11	1	keywords	keyword	NOUN
ajeer-262	11	2	:	:	PUNCT
ajeer-262	11	3	financial	financial	ADJ
ajeer-262	11	4	frictions	friction	NOUN
ajeer-262	11	5	,	,	PUNCT
ajeer-262	11	6	monetary	monetary	ADJ
ajeer-262	11	7	policy	policy	NOUN
ajeer-262	11	8	transmission	transmission	NOUN
ajeer-262	11	9	,	,	PUNCT
ajeer-262	11	10	money	money	NOUN
ajeer-262	11	11	growth	growth	NOUN
ajeer-262	11	12	rule	rule	NOUN
ajeer-262	11	13	,	,	PUNCT
ajeer-262	11	14	dsge	dsge	NOUN
ajeer-262	11	15	model	model	NOUN
ajeer-262	11	16	,	,	PUNCT
ajeer-262	11	17	calibration	calibration	NOUN
ajeer-262	11	18	.	.	PUNCT
ajeer-262	12	1	jel	jel	PROPN
ajeer-262	12	2	classification	classification	NOUN
ajeer-262	12	3	:	:	PUNCT
ajeer-262	12	4	e30	e30	PROPN
ajeer-262	12	5	,	,	PUNCT
ajeer-262	12	6	e44	e44	NOUN
ajeer-262	12	7	citation	citation	NOUN
ajeer-262	12	8	|	|	ADV
ajeer-262	12	9	wondemhunegn	wondemhunegn	PROPN
ajeer-262	12	10	ezezew	ezezew	PROPN
ajeer-262	12	11	melesse	melesse	PROPN
ajeer-262	12	12	(	(	PUNCT
ajeer-262	12	13	2019	2019	NUM
ajeer-262	12	14	)	)	PUNCT
ajeer-262	12	15	.	.	PUNCT
ajeer-262	13	1	business	business	NOUN
ajeer-262	13	2	cycles	cycle	NOUN
ajeer-262	13	3	and	and	CCONJ
ajeer-262	13	4	financial	financial	ADJ
ajeer-262	13	5	frictions	friction	NOUN
ajeer-262	13	6	under	under	ADP
ajeer-262	13	7	money	money	NOUN
ajeer-262	13	8	growth	growth	NOUN
ajeer-262	13	9	rule	rule	NOUN
ajeer-262	13	10	.	.	PUNCT
ajeer-262	14	1	asian	asian	ADJ
ajeer-262	14	2	journal	journal	PROPN
ajeer-262	14	3	of	of	ADP
ajeer-262	14	4	economics	economic	NOUN
ajeer-262	14	5	and	and	CCONJ
ajeer-262	14	6	empirical	empirical	ADJ
ajeer-262	14	7	research	research	NOUN
ajeer-262	14	8	,	,	PUNCT
ajeer-262	14	9	6(1	6(1	NUM
ajeer-262	14	10	):	):	PUNCT
ajeer-262	14	11	16	16	NUM
ajeer-262	14	12	-	-	SYM
ajeer-262	14	13	26	26	NUM
ajeer-262	14	14	.	.	PUNCT
ajeer-262	15	1	history	history	NOUN
ajeer-262	15	2	:	:	PUNCT
ajeer-262	15	3	received	receive	VERB
ajeer-262	15	4	:	:	PUNCT
ajeer-262	15	5	22	22	NUM
ajeer-262	15	6	october	october	NOUN
ajeer-262	15	7	2018	2018	NUM
ajeer-262	15	8	revised	revise	VERB
ajeer-262	15	9	:	:	PUNCT
ajeer-262	15	10	16	16	NUM
ajeer-262	15	11	november	november	PROPN
ajeer-262	15	12	2018	2018	NUM
ajeer-262	15	13	accepted	accept	VERB
ajeer-262	15	14	:	:	PUNCT
ajeer-262	15	15	31	31	NUM
ajeer-262	15	16	december	december	PROPN
ajeer-262	15	17	2018	2018	NUM
ajeer-262	15	18	published	publish	VERB
ajeer-262	15	19	:	:	PUNCT
ajeer-262	15	20	18	18	NUM
ajeer-262	15	21	january	january	PROPN
ajeer-262	15	22	2019	2019	NUM
ajeer-262	15	23	licensed	license	VERB
ajeer-262	15	24	:	:	PUNCT
ajeer-262	15	25	this	this	DET
ajeer-262	15	26	work	work	NOUN
ajeer-262	15	27	is	be	AUX
ajeer-262	15	28	licensed	license	VERB
ajeer-262	15	29	under	under	ADP
ajeer-262	15	30	a	a	DET
ajeer-262	15	31	creative	creative	ADJ
ajeer-262	15	32	commons	common	NOUN
ajeer-262	15	33	attribution	attribution	NOUN
ajeer-262	15	34	3.0	3.0	NUM
ajeer-262	15	35	license	license	NOUN
ajeer-262	15	36	publisher	publisher	NOUN
ajeer-262	15	37	:	:	PUNCT
ajeer-262	15	38	asian	asian	ADJ
ajeer-262	15	39	online	online	PROPN
ajeer-262	15	40	journal	journal	PROPN
ajeer-262	15	41	publishing	publishing	PROPN
ajeer-262	15	42	group	group	PROPN
ajeer-262	15	43	funding	funding	NOUN
ajeer-262	15	44	:	:	PUNCT
ajeer-262	15	45	this	this	DET
ajeer-262	15	46	study	study	NOUN
ajeer-262	15	47	received	receive	VERB
ajeer-262	15	48	no	no	DET
ajeer-262	15	49	specific	specific	ADJ
ajeer-262	15	50	financial	financial	ADJ
ajeer-262	15	51	support	support	NOUN
ajeer-262	15	52	.	.	PUNCT
ajeer-262	16	1	competing	compete	VERB
ajeer-262	16	2	interests	interest	NOUN
ajeer-262	16	3	:	:	PUNCT
ajeer-262	16	4	the	the	DET
ajeer-262	16	5	author	author	NOUN
ajeer-262	16	6	declares	declare	VERB
ajeer-262	16	7	that	that	SCONJ
ajeer-262	16	8	there	there	PRON
ajeer-262	16	9	are	be	VERB
ajeer-262	16	10	no	no	DET
ajeer-262	16	11	conflicts	conflict	NOUN
ajeer-262	16	12	of	of	ADP
ajeer-262	16	13	interests	interest	NOUN
ajeer-262	16	14	regarding	regard	VERB
ajeer-262	16	15	the	the	DET
ajeer-262	16	16	publication	publication	NOUN
ajeer-262	16	17	of	of	ADP
ajeer-262	16	18	this	this	DET
ajeer-262	16	19	paper	paper	NOUN
ajeer-262	16	20	.	.	PUNCT
ajeer-262	17	1	transparency	transparency	NOUN
ajeer-262	17	2	:	:	PUNCT
ajeer-262	17	3	the	the	DET
ajeer-262	17	4	author	author	NOUN
ajeer-262	17	5	confirms	confirm	VERB
ajeer-262	17	6	that	that	SCONJ
ajeer-262	17	7	the	the	DET
ajeer-262	17	8	manuscript	manuscript	NOUN
ajeer-262	17	9	is	be	AUX
ajeer-262	17	10	an	an	DET
ajeer-262	17	11	honest	honest	ADJ
ajeer-262	17	12	,	,	PUNCT
ajeer-262	17	13	accurate	accurate	ADJ
ajeer-262	17	14	,	,	PUNCT
ajeer-262	17	15	and	and	CCONJ
ajeer-262	17	16	transparent	transparent	ADJ
ajeer-262	17	17	account	account	NOUN
ajeer-262	17	18	of	of	ADP
ajeer-262	17	19	the	the	DET
ajeer-262	17	20	study	study	NOUN
ajeer-262	17	21	was	be	AUX
ajeer-262	17	22	reported	report	VERB
ajeer-262	17	23	;	;	PUNCT
ajeer-262	17	24	that	that	SCONJ
ajeer-262	17	25	no	no	DET
ajeer-262	17	26	vital	vital	ADJ
ajeer-262	17	27	features	feature	NOUN
ajeer-262	17	28	of	of	ADP
ajeer-262	17	29	the	the	DET
ajeer-262	17	30	study	study	NOUN
ajeer-262	17	31	have	have	AUX
ajeer-262	17	32	been	be	AUX
ajeer-262	17	33	omitted	omit	VERB
ajeer-262	17	34	;	;	PUNCT
ajeer-262	17	35	and	and	CCONJ
ajeer-262	17	36	that	that	SCONJ
ajeer-262	17	37	any	any	DET
ajeer-262	17	38	discrepancies	discrepancy	NOUN
ajeer-262	17	39	from	from	ADP
ajeer-262	17	40	the	the	DET
ajeer-262	17	41	study	study	NOUN
ajeer-262	17	42	as	as	SCONJ
ajeer-262	17	43	planned	plan	VERB
ajeer-262	17	44	have	have	AUX
ajeer-262	17	45	been	be	AUX
ajeer-262	17	46	explained	explain	VERB
ajeer-262	17	47	.	.	PUNCT
ajeer-262	18	1	ethical	ethical	ADJ
ajeer-262	18	2	:	:	PUNCT
ajeer-262	18	3	this	this	DET
ajeer-262	18	4	study	study	NOUN
ajeer-262	18	5	follows	follow	VERB
ajeer-262	18	6	all	all	DET
ajeer-262	18	7	ethical	ethical	ADJ
ajeer-262	18	8	practices	practice	NOUN
ajeer-262	18	9	during	during	ADP
ajeer-262	18	10	writing	writing	NOUN
ajeer-262	18	11	.	.	PUNCT
ajeer-262	19	1	contents	content	NOUN
ajeer-262	19	2	1	1	NUM
ajeer-262	19	3	.	.	PUNCT
ajeer-262	20	1	introduction	introduction	NOUN
ajeer-262	20	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-262	21	1	17	17	NUM
ajeer-262	21	2	2	2	NUM
ajeer-262	21	3	.	.	PUNCT
ajeer-262	21	4	literature	literature	PROPN
ajeer-262	21	5	review	review	PROPN
ajeer-262	21	6	............................................................................................................................................................................	............................................................................................................................................................................	PUNCT
ajeer-262	22	1	17	17	NUM
ajeer-262	22	2	3	3	NUM
ajeer-262	22	3	.	.	PUNCT
ajeer-262	22	4	model	model	PROPN
ajeer-262	23	1	..................................................................................................................................................................................................	..................................................................................................................................................................................................	PROPN
ajeer-262	24	1	19	19	NUM
ajeer-262	24	2	4	4	NUM
ajeer-262	24	3	.	.	PUNCT
ajeer-262	24	4	results	result	NOUN
ajeer-262	24	5	and	and	CCONJ
ajeer-262	24	6	discussion	discussion	NOUN
ajeer-262	24	7	...................................................................................................................................................................	...................................................................................................................................................................	PUNCT
ajeer-262	25	1	23	23	NUM
ajeer-262	25	2	5	5	NUM
ajeer-262	25	3	.	.	PUNCT
ajeer-262	25	4	conclusion	conclusion	NOUN
ajeer-262	25	5	and	and	CCONJ
ajeer-262	25	6	policy	policy	NOUN
ajeer-262	25	7	implications	implication	NOUN
ajeer-262	25	8	.............................................................................................................................................	.............................................................................................................................................	PUNCT
ajeer-262	26	1	25	25	NUM
ajeer-262	26	2	references	reference	NOUN
ajeer-262	26	3	..............................................................................................................................................................................................	..............................................................................................................................................................................................	VERB
ajeer-262	26	4	25	25	NUM
ajeer-262	26	5	appendix	appendix	NOUN
ajeer-262	26	6	................................................................................................................................................................................................	................................................................................................................................................................................................	PUNCT
ajeer-262	26	7	26	26	NUM
ajeer-262	26	8	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2019.61.16.26&domain=pdf&date_stamp=2017-01-14	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2019.61.16.26&domain=pdf&date_stamp=2017-01-14	PROPN
ajeer-262	26	9	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-262	26	10	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-262	26	11	http://asianonlinejournals.com/index.php/ajeer/article/view/262	http://asianonlinejournals.com/index.php/ajeer/article/view/262	PROPN
ajeer-262	26	12	https://orcid.org/0000-0001-8762-3881	https://orcid.org/0000-0001-8762-3881	PROPN
ajeer-262	27	1	http://asianonlinejournals.com/index.php/ajeer/article/view/262	http://asianonlinejournals.com/index.php/ajeer/article/view/262	NUM
ajeer-262	27	2	https://orcid.org/0000-0001-8762-3881	https://orcid.org/0000-0001-8762-3881	NOUN
ajeer-262	27	3	http://asianonlinejournals.com/index.php/ajeer/article/view/262	http://asianonlinejournals.com/index.php/ajeer/article/view/262	NUM
ajeer-262	27	4	https://orcid.org/0000-0001-8762-3881	https://orcid.org/0000-0001-8762-3881	PROPN
ajeer-262	27	5	asian	asian	ADJ
ajeer-262	27	6	journal	journal	NOUN
ajeer-262	27	7	of	of	ADP
ajeer-262	27	8	economics	economic	NOUN
ajeer-262	27	9	and	and	CCONJ
ajeer-262	27	10	empirical	empirical	ADJ
ajeer-262	27	11	research	research	NOUN
ajeer-262	27	12	,	,	PUNCT
ajeer-262	27	13	2019	2019	NUM
ajeer-262	27	14	,	,	PUNCT
ajeer-262	27	15	6(1	6(1	NUM
ajeer-262	27	16	):	):	PUNCT
ajeer-262	27	17	16	16	NUM
ajeer-262	27	18	-	-	SYM
ajeer-262	27	19	26	26	NUM
ajeer-262	27	20	17	17	NUM
ajeer-262	27	21	©	©	PROPN
ajeer-262	27	22	2019	2019	NUM
ajeer-262	27	23	by	by	ADP
ajeer-262	27	24	the	the	DET
ajeer-262	27	25	authors	author	NOUN
ajeer-262	27	26	;	;	PUNCT
ajeer-262	27	27	licensee	licensee	PROPN
ajeer-262	27	28	asian	asian	ADJ
ajeer-262	27	29	online	online	PROPN
ajeer-262	27	30	journal	journal	PROPN
ajeer-262	27	31	publishing	publishing	NOUN
ajeer-262	27	32	group	group	PROPN
ajeer-262	27	33	1	1	NUM
ajeer-262	27	34	.	.	PUNCT
ajeer-262	27	35	introduction	introduction	NOUN
ajeer-262	27	36	over	over	ADP
ajeer-262	27	37	the	the	DET
ajeer-262	27	38	past	past	ADJ
ajeer-262	27	39	few	few	ADJ
ajeer-262	27	40	years	year	NOUN
ajeer-262	27	41	,	,	PUNCT
ajeer-262	27	42	applied	apply	VERB
ajeer-262	27	43	research	research	NOUN
ajeer-262	27	44	has	have	AUX
ajeer-262	27	45	attached	attach	VERB
ajeer-262	27	46	due	due	ADJ
ajeer-262	27	47	emphasis	emphasis	NOUN
ajeer-262	27	48	to	to	ADP
ajeer-262	27	49	the	the	DET
ajeer-262	27	50	explicit	explicit	ADJ
ajeer-262	27	51	role	role	NOUN
ajeer-262	27	52	of	of	ADP
ajeer-262	27	53	the	the	DET
ajeer-262	27	54	financial	financial	ADJ
ajeer-262	27	55	sector	sector	NOUN
ajeer-262	27	56	in	in	ADP
ajeer-262	27	57	amplifying	amplify	VERB
ajeer-262	27	58	and	and	CCONJ
ajeer-262	27	59	propagating	propagate	VERB
ajeer-262	27	60	disturbances	disturbance	NOUN
ajeer-262	27	61	into	into	ADP
ajeer-262	27	62	the	the	DET
ajeer-262	27	63	real	real	ADJ
ajeer-262	27	64	economy	economy	NOUN
ajeer-262	27	65	.	.	PUNCT
ajeer-262	28	1	the	the	DET
ajeer-262	28	2	financial	financial	ADJ
ajeer-262	28	3	crisis	crisis	NOUN
ajeer-262	28	4	that	that	PRON
ajeer-262	28	5	broke	break	VERB
ajeer-262	28	6	out	out	ADP
ajeer-262	28	7	in	in	ADP
ajeer-262	28	8	2007	2007	NUM
ajeer-262	28	9	has	have	AUX
ajeer-262	28	10	spurred	spur	VERB
ajeer-262	28	11	a	a	DET
ajeer-262	28	12	wide	wide	ADJ
ajeer-262	28	13	range	range	NOUN
ajeer-262	28	14	of	of	ADP
ajeer-262	28	15	investigations	investigation	NOUN
ajeer-262	28	16	into	into	ADP
ajeer-262	28	17	the	the	DET
ajeer-262	28	18	importance	importance	NOUN
ajeer-262	28	19	of	of	ADP
ajeer-262	28	20	banking	banking	NOUN
ajeer-262	28	21	and	and	CCONJ
ajeer-262	28	22	financial	financial	ADJ
ajeer-262	28	23	activities	activity	NOUN
ajeer-262	28	24	in	in	ADP
ajeer-262	28	25	shaping	shape	VERB
ajeer-262	28	26	business	business	NOUN
ajeer-262	28	27	cycle	cycle	NOUN
ajeer-262	28	28	fluctuations	fluctuation	NOUN
ajeer-262	28	29	.	.	PUNCT
ajeer-262	29	1	previously	previously	ADV
ajeer-262	29	2	,	,	PUNCT
ajeer-262	29	3	economic	economic	ADJ
ajeer-262	29	4	thinking	thinking	NOUN
ajeer-262	29	5	was	be	AUX
ajeer-262	29	6	widely	widely	ADV
ajeer-262	29	7	influenced	influence	VERB
ajeer-262	29	8	by	by	ADP
ajeer-262	29	9	the	the	DET
ajeer-262	29	10	modigliani	modigliani	PROPN
ajeer-262	29	11	-	-	PUNCT
ajeer-262	29	12	miller	miller	PROPN
ajeer-262	29	13	(	(	PUNCT
ajeer-262	29	14	mm	mm	NOUN
ajeer-262	29	15	)	)	PUNCT
ajeer-262	29	16	principle	principle	NOUN
ajeer-262	29	17	in	in	ADP
ajeer-262	29	18	which	which	PRON
ajeer-262	29	19	financial	financial	ADJ
ajeer-262	29	20	structure	structure	NOUN
ajeer-262	29	21	was	be	AUX
ajeer-262	29	22	irrelevant	irrelevant	ADJ
ajeer-262	29	23	for	for	ADP
ajeer-262	29	24	both	both	PRON
ajeer-262	29	25	banking	banking	NOUN
ajeer-262	29	26	and	and	CCONJ
ajeer-262	29	27	non	non	ADJ
ajeer-262	29	28	-	-	ADJ
ajeer-262	29	29	banking	banking	ADJ
ajeer-262	29	30	business	business	NOUN
ajeer-262	29	31	funding	funding	NOUN
ajeer-262	29	32	considerations	consideration	NOUN
ajeer-262	29	33	.	.	PUNCT
ajeer-262	30	1	as	as	ADP
ajeer-262	30	2	a	a	DET
ajeer-262	30	3	result	result	NOUN
ajeer-262	30	4	,	,	PUNCT
ajeer-262	30	5	it	it	PRON
ajeer-262	30	6	did	do	AUX
ajeer-262	30	7	not	not	PART
ajeer-262	30	8	matter	matter	VERB
ajeer-262	30	9	whether	whether	SCONJ
ajeer-262	30	10	a	a	DET
ajeer-262	30	11	firm	firm	NOUN
ajeer-262	30	12	financed	finance	VERB
ajeer-262	30	13	its	its	PRON
ajeer-262	30	14	investment	investment	NOUN
ajeer-262	30	15	opportunities	opportunity	NOUN
ajeer-262	30	16	by	by	ADP
ajeer-262	30	17	issuing	issue	VERB
ajeer-262	30	18	bonds	bond	NOUN
ajeer-262	30	19	(	(	PUNCT
ajeer-262	30	20	debt	debt	NOUN
ajeer-262	30	21	)	)	PUNCT
ajeer-262	30	22	or	or	CCONJ
ajeer-262	30	23	shares	share	NOUN
ajeer-262	30	24	(	(	PUNCT
ajeer-262	30	25	equity	equity	NOUN
ajeer-262	30	26	)	)	PUNCT
ajeer-262	30	27	and	and	CCONJ
ajeer-262	30	28	the	the	DET
ajeer-262	30	29	market	market	NOUN
ajeer-262	30	30	valuation	valuation	NOUN
ajeer-262	30	31	of	of	ADP
ajeer-262	30	32	the	the	DET
ajeer-262	30	33	firm	firm	NOUN
ajeer-262	30	34	would	would	AUX
ajeer-262	30	35	be	be	AUX
ajeer-262	30	36	deemed	deem	VERB
ajeer-262	30	37	independent	independent	ADJ
ajeer-262	30	38	of	of	ADP
ajeer-262	30	39	its	its	PRON
ajeer-262	30	40	capital	capital	NOUN
ajeer-262	30	41	structure	structure	NOUN
ajeer-262	30	42	.	.	PUNCT
ajeer-262	31	1	however	however	ADV
ajeer-262	31	2	,	,	PUNCT
ajeer-262	31	3	the	the	DET
ajeer-262	31	4	mm	mm	PROPN
ajeer-262	31	5	hypothesis	hypothesis	NOUN
ajeer-262	31	6	rests	rest	VERB
ajeer-262	31	7	on	on	ADP
ajeer-262	31	8	numerous	numerous	ADJ
ajeer-262	31	9	suspicious	suspicious	ADJ
ajeer-262	31	10	assumptions	assumption	NOUN
ajeer-262	31	11	that	that	PRON
ajeer-262	31	12	are	be	AUX
ajeer-262	31	13	incompatible	incompatible	ADJ
ajeer-262	31	14	with	with	ADP
ajeer-262	31	15	empirical	empirical	ADJ
ajeer-262	31	16	evidence	evidence	NOUN
ajeer-262	31	17	.	.	PUNCT
ajeer-262	32	1	some	some	PRON
ajeer-262	32	2	of	of	ADP
ajeer-262	32	3	those	those	DET
ajeer-262	32	4	assumptions	assumption	NOUN
ajeer-262	32	5	include	include	VERB
ajeer-262	32	6	absence	absence	NOUN
ajeer-262	32	7	of	of	ADP
ajeer-262	32	8	distortive	distortive	ADJ
ajeer-262	32	9	taxation	taxation	NOUN
ajeer-262	32	10	,	,	PUNCT
ajeer-262	32	11	symmetric	symmetric	ADJ
ajeer-262	32	12	distribution	distribution	NOUN
ajeer-262	32	13	of	of	ADP
ajeer-262	32	14	information	information	NOUN
ajeer-262	32	15	among	among	ADP
ajeer-262	32	16	transaction	transaction	NOUN
ajeer-262	32	17	parties	party	NOUN
ajeer-262	32	18	,	,	PUNCT
ajeer-262	32	19	efficient	efficient	ADJ
ajeer-262	32	20	goods	good	NOUN
ajeer-262	32	21	and	and	CCONJ
ajeer-262	32	22	financial	financial	ADJ
ajeer-262	32	23	markets	market	NOUN
ajeer-262	32	24	,	,	PUNCT
ajeer-262	32	25	and	and	CCONJ
ajeer-262	32	26	zero	zero	NUM
ajeer-262	32	27	bankruptcy	bankruptcy	NOUN
ajeer-262	32	28	costs	cost	NOUN
ajeer-262	32	29	.	.	PUNCT
ajeer-262	33	1	since	since	SCONJ
ajeer-262	33	2	financial	financial	ADJ
ajeer-262	33	3	markets	market	NOUN
ajeer-262	33	4	are	be	AUX
ajeer-262	33	5	perfect	perfect	ADJ
ajeer-262	33	6	,	,	PUNCT
ajeer-262	33	7	there	there	PRON
ajeer-262	33	8	is	be	VERB
ajeer-262	33	9	no	no	DET
ajeer-262	33	10	wedge	wedge	NOUN
ajeer-262	33	11	between	between	ADP
ajeer-262	33	12	lending	lending	NOUN
ajeer-262	33	13	and	and	CCONJ
ajeer-262	33	14	borrowing	borrowing	NOUN
ajeer-262	33	15	rates	rate	NOUN
ajeer-262	33	16	,	,	PUNCT
ajeer-262	33	17	and	and	CCONJ
ajeer-262	33	18	in	in	ADP
ajeer-262	33	19	fact	fact	NOUN
ajeer-262	33	20	,	,	PUNCT
ajeer-262	33	21	there	there	PRON
ajeer-262	33	22	is	be	VERB
ajeer-262	33	23	no	no	DET
ajeer-262	33	24	need	need	NOUN
ajeer-262	33	25	for	for	ADP
ajeer-262	33	26	financial	financial	ADJ
ajeer-262	33	27	intermediaries	intermediary	NOUN
ajeer-262	33	28	as	as	SCONJ
ajeer-262	33	29	businesses	business	NOUN
ajeer-262	33	30	can	can	AUX
ajeer-262	33	31	directly	directly	ADV
ajeer-262	33	32	source	source	VERB
ajeer-262	33	33	their	their	PRON
ajeer-262	33	34	external	external	ADJ
ajeer-262	33	35	funds	fund	NOUN
ajeer-262	33	36	from	from	ADP
ajeer-262	33	37	households	household	NOUN
ajeer-262	33	38	.	.	PUNCT
ajeer-262	34	1	the	the	DET
ajeer-262	34	2	mm	mm	PROPN
ajeer-262	34	3	principle	principle	NOUN
ajeer-262	34	4	,	,	PUNCT
ajeer-262	34	5	therefore	therefore	ADV
ajeer-262	34	6	,	,	PUNCT
ajeer-262	34	7	would	would	AUX
ajeer-262	34	8	rule	rule	VERB
ajeer-262	34	9	out	out	ADP
ajeer-262	34	10	the	the	DET
ajeer-262	34	11	monetary	monetary	ADJ
ajeer-262	34	12	policy	policy	NOUN
ajeer-262	34	13	transmission	transmission	NOUN
ajeer-262	34	14	aspects	aspect	NOUN
ajeer-262	34	15	of	of	ADP
ajeer-262	34	16	bank	bank	NOUN
ajeer-262	34	17	asset	asset	NOUN
ajeer-262	34	18	and	and	CCONJ
ajeer-262	34	19	liability	liability	NOUN
ajeer-262	34	20	management	management	NOUN
ajeer-262	34	21	as	as	ADV
ajeer-262	34	22	well	well	ADV
ajeer-262	34	23	as	as	ADP
ajeer-262	34	24	the	the	DET
ajeer-262	34	25	effects	effect	NOUN
ajeer-262	34	26	of	of	ADP
ajeer-262	34	27	leverage	leverage	NOUN
ajeer-262	34	28	ratio	ratio	NOUN
ajeer-262	34	29	on	on	ADP
ajeer-262	34	30	business	business	NOUN
ajeer-262	34	31	investment	investment	NOUN
ajeer-262	34	32	choices	choice	NOUN
ajeer-262	34	33	.	.	PUNCT
ajeer-262	35	1	theory	theory	NOUN
ajeer-262	35	2	and	and	CCONJ
ajeer-262	35	3	empirical	empirical	ADJ
ajeer-262	35	4	regularities	regularity	NOUN
ajeer-262	35	5	show	show	VERB
ajeer-262	35	6	that	that	SCONJ
ajeer-262	35	7	agency	agency	NOUN
ajeer-262	35	8	problems	problem	NOUN
ajeer-262	35	9	such	such	ADJ
ajeer-262	35	10	as	as	ADP
ajeer-262	35	11	moral	moral	ADJ
ajeer-262	35	12	hazard	hazard	NOUN
ajeer-262	35	13	and	and	CCONJ
ajeer-262	35	14	information	information	NOUN
ajeer-262	35	15	asymmetry	asymmetry	NOUN
ajeer-262	35	16	play	play	VERB
ajeer-262	35	17	a	a	DET
ajeer-262	35	18	huge	huge	ADJ
ajeer-262	35	19	role	role	NOUN
ajeer-262	35	20	in	in	ADP
ajeer-262	35	21	influencing	influence	VERB
ajeer-262	35	22	access	access	NOUN
ajeer-262	35	23	to	to	ADP
ajeer-262	35	24	credit	credit	NOUN
ajeer-262	35	25	and	and	CCONJ
ajeer-262	35	26	,	,	PUNCT
ajeer-262	35	27	therefore	therefore	ADV
ajeer-262	35	28	,	,	PUNCT
ajeer-262	35	29	the	the	DET
ajeer-262	35	30	balance	balance	NOUN
ajeer-262	35	31	sheet	sheet	NOUN
ajeer-262	35	32	structure	structure	NOUN
ajeer-262	35	33	of	of	ADP
ajeer-262	35	34	entrepreneurial	entrepreneurial	ADJ
ajeer-262	35	35	firms	firm	NOUN
ajeer-262	35	36	,	,	PUNCT
ajeer-262	35	37	especially	especially	ADV
ajeer-262	35	38	small	small	ADJ
ajeer-262	35	39	and	and	CCONJ
ajeer-262	35	40	micro	micro	ADJ
ajeer-262	35	41	enterprises	enterprise	NOUN
ajeer-262	35	42	(	(	PUNCT
ajeer-262	35	43	smes	sme	NOUN
ajeer-262	35	44	)	)	PUNCT
ajeer-262	35	45	.	.	PUNCT
ajeer-262	36	1	stiglitz	stiglitz	PROPN
ajeer-262	36	2	and	and	CCONJ
ajeer-262	36	3	weiss	weiss	PROPN
ajeer-262	36	4	(	(	PUNCT
ajeer-262	36	5	1981	1981	NUM
ajeer-262	36	6	)	)	PUNCT
ajeer-262	36	7	have	have	AUX
ajeer-262	36	8	shown	show	VERB
ajeer-262	36	9	how	how	SCONJ
ajeer-262	36	10	existence	existence	NOUN
ajeer-262	36	11	of	of	ADP
ajeer-262	36	12	agency	agency	NOUN
ajeer-262	36	13	problems	problem	NOUN
ajeer-262	36	14	could	could	AUX
ajeer-262	36	15	generate	generate	VERB
ajeer-262	36	16	credit	credit	NOUN
ajeer-262	36	17	rationing	rationing	NOUN
ajeer-262	36	18	in	in	ADP
ajeer-262	36	19	which	which	PRON
ajeer-262	36	20	among	among	ADP
ajeer-262	36	21	observationally	observationally	ADV
ajeer-262	36	22	identical	identical	ADJ
ajeer-262	36	23	applicants	applicant	NOUN
ajeer-262	36	24	some	some	PRON
ajeer-262	36	25	are	be	AUX
ajeer-262	36	26	offered	offer	VERB
ajeer-262	36	27	credit	credit	NOUN
ajeer-262	36	28	and	and	CCONJ
ajeer-262	36	29	others	other	NOUN
ajeer-262	36	30	are	be	AUX
ajeer-262	36	31	rejected	reject	VERB
ajeer-262	36	32	.	.	PUNCT
ajeer-262	37	1	thus	thus	ADV
ajeer-262	37	2	applicants	applicant	NOUN
ajeer-262	37	3	who	who	PRON
ajeer-262	37	4	are	be	AUX
ajeer-262	37	5	denied	deny	VERB
ajeer-262	37	6	credit	credit	NOUN
ajeer-262	37	7	would	would	AUX
ajeer-262	37	8	not	not	PART
ajeer-262	37	9	be	be	AUX
ajeer-262	37	10	able	able	ADJ
ajeer-262	37	11	to	to	PART
ajeer-262	37	12	get	get	VERB
ajeer-262	37	13	external	external	ADJ
ajeer-262	37	14	funds	fund	NOUN
ajeer-262	37	15	even	even	ADV
ajeer-262	37	16	if	if	SCONJ
ajeer-262	37	17	they	they	PRON
ajeer-262	37	18	were	be	AUX
ajeer-262	37	19	willing	willing	ADJ
ajeer-262	37	20	to	to	PART
ajeer-262	37	21	accept	accept	VERB
ajeer-262	37	22	a	a	DET
ajeer-262	37	23	higher	high	ADJ
ajeer-262	37	24	interest	interest	NOUN
ajeer-262	37	25	rate	rate	NOUN
ajeer-262	37	26	than	than	ADP
ajeer-262	37	27	the	the	DET
ajeer-262	37	28	one	one	NUM
ajeer-262	37	29	prevailing	prevail	VERB
ajeer-262	37	30	in	in	ADP
ajeer-262	37	31	the	the	DET
ajeer-262	37	32	market	market	NOUN
ajeer-262	37	33	or	or	CCONJ
ajeer-262	37	34	post	post	VERB
ajeer-262	37	35	more	more	ADJ
ajeer-262	37	36	collateral	collateral	NOUN
ajeer-262	37	37	than	than	SCONJ
ajeer-262	37	38	was	be	AUX
ajeer-262	37	39	required	require	VERB
ajeer-262	37	40	of	of	ADP
ajeer-262	37	41	eligible	eligible	ADJ
ajeer-262	37	42	borrowers	borrower	NOUN
ajeer-262	37	43	.	.	PUNCT
ajeer-262	38	1	under	under	ADP
ajeer-262	38	2	such	such	ADJ
ajeer-262	38	3	circumstances	circumstance	NOUN
ajeer-262	38	4	,	,	PUNCT
ajeer-262	38	5	banks	bank	NOUN
ajeer-262	38	6	would	would	AUX
ajeer-262	38	7	reconcile	reconcile	VERB
ajeer-262	38	8	the	the	DET
ajeer-262	38	9	supply	supply	NOUN
ajeer-262	38	10	of	of	ADP
ajeer-262	38	11	available	available	ADJ
ajeer-262	38	12	funds	fund	NOUN
ajeer-262	38	13	with	with	ADP
ajeer-262	38	14	demand	demand	NOUN
ajeer-262	38	15	for	for	ADP
ajeer-262	38	16	credit	credit	NOUN
ajeer-262	38	17	not	not	PART
ajeer-262	38	18	by	by	ADP
ajeer-262	38	19	raising	raise	VERB
ajeer-262	38	20	the	the	DET
ajeer-262	38	21	lending	lending	NOUN
ajeer-262	38	22	rate	rate	NOUN
ajeer-262	38	23	or	or	CCONJ
ajeer-262	38	24	demanding	demand	VERB
ajeer-262	38	25	more	more	ADJ
ajeer-262	38	26	collateral	collateral	NOUN
ajeer-262	38	27	but	but	CCONJ
ajeer-262	38	28	by	by	ADP
ajeer-262	38	29	restricting	restrict	VERB
ajeer-262	38	30	the	the	DET
ajeer-262	38	31	number	number	NOUN
ajeer-262	38	32	of	of	ADP
ajeer-262	38	33	borrowers	borrower	NOUN
ajeer-262	38	34	via	via	ADP
ajeer-262	38	35	rationing	ration	VERB
ajeer-262	38	36	.	.	PUNCT
ajeer-262	39	1	thus	thus	ADV
ajeer-262	39	2	,	,	PUNCT
ajeer-262	39	3	downsized	downsize	VERB
ajeer-262	39	4	balance	balance	NOUN
ajeer-262	39	5	sheets	sheet	NOUN
ajeer-262	39	6	reduce	reduce	VERB
ajeer-262	39	7	the	the	DET
ajeer-262	39	8	banks	bank	NOUN
ajeer-262	39	9	‘	'	PUNCT
ajeer-262	39	10	capacity	capacity	NOUN
ajeer-262	39	11	to	to	PART
ajeer-262	39	12	offer	offer	VERB
ajeer-262	39	13	additional	additional	ADJ
ajeer-262	39	14	loans	loan	NOUN
ajeer-262	39	15	and	and	CCONJ
ajeer-262	39	16	lower	low	ADJ
ajeer-262	39	17	debt	debt	NOUN
ajeer-262	39	18	-	-	PUNCT
ajeer-262	39	19	to	to	ADP
ajeer-262	39	20	-	-	PUNCT
ajeer-262	39	21	equity	equity	NOUN
ajeer-262	39	22	ratio	ratio	NOUN
ajeer-262	39	23	incentivizes	incentivize	VERB
ajeer-262	39	24	banks	bank	NOUN
ajeer-262	39	25	to	to	PART
ajeer-262	39	26	minimize	minimize	VERB
ajeer-262	39	27	the	the	DET
ajeer-262	39	28	variability	variability	NOUN
ajeer-262	39	29	of	of	ADP
ajeer-262	39	30	their	their	PRON
ajeer-262	39	31	portfolio	portfolio	NOUN
ajeer-262	39	32	.	.	PUNCT
ajeer-262	40	1	if	if	SCONJ
ajeer-262	40	2	this	this	DET
ajeer-262	40	3	logic	logic	NOUN
ajeer-262	40	4	is	be	AUX
ajeer-262	40	5	operational	operational	ADJ
ajeer-262	40	6	,	,	PUNCT
ajeer-262	40	7	banks	bank	NOUN
ajeer-262	40	8	are	be	AUX
ajeer-262	40	9	willing	willing	ADJ
ajeer-262	40	10	to	to	PART
ajeer-262	40	11	sacrifice	sacrifice	VERB
ajeer-262	40	12	more	more	ADJ
ajeer-262	40	13	profits	profit	NOUN
ajeer-262	40	14	on	on	ADP
ajeer-262	40	15	[	[	X
ajeer-262	40	16	potentially	potentially	ADV
ajeer-262	40	17	]	]	X
ajeer-262	40	18	successful	successful	ADJ
ajeer-262	40	19	loan	loan	NOUN
ajeer-262	40	20	advancements	advancement	NOUN
ajeer-262	40	21	by	by	ADP
ajeer-262	40	22	increasing	increase	VERB
ajeer-262	40	23	screening	screening	NOUN
ajeer-262	40	24	and	and	CCONJ
ajeer-262	40	25	monitoring	monitoring	NOUN
ajeer-262	40	26	of	of	ADP
ajeer-262	40	27	loan	loan	NOUN
ajeer-262	40	28	applicants	applicant	NOUN
ajeer-262	40	29	(	(	PUNCT
ajeer-262	40	30	agur	agur	PROPN
ajeer-262	40	31	,	,	PUNCT
ajeer-262	40	32	2010	2010	NUM
ajeer-262	40	33	)	)	PUNCT
ajeer-262	40	34	.	.	PUNCT
ajeer-262	41	1	one	one	NUM
ajeer-262	41	2	important	important	ADJ
ajeer-262	41	3	force	force	NOUN
ajeer-262	41	4	behind	behind	ADP
ajeer-262	41	5	the	the	DET
ajeer-262	41	6	screening	screening	NOUN
ajeer-262	41	7	and	and	CCONJ
ajeer-262	41	8	filtering	filter	VERB
ajeer-262	41	9	barriers	barrier	NOUN
ajeer-262	41	10	erected	erect	VERB
ajeer-262	41	11	by	by	ADP
ajeer-262	41	12	lenders	lender	NOUN
ajeer-262	41	13	is	be	AUX
ajeer-262	41	14	that	that	SCONJ
ajeer-262	41	15	agency	agency	NOUN
ajeer-262	41	16	problems	problem	NOUN
ajeer-262	41	17	can	can	AUX
ajeer-262	41	18	operate	operate	VERB
ajeer-262	41	19	through	through	ADP
ajeer-262	41	20	the	the	DET
ajeer-262	41	21	size	size	NOUN
ajeer-262	41	22	of	of	ADP
ajeer-262	41	23	the	the	DET
ajeer-262	41	24	borrowing	borrowing	NOUN
ajeer-262	41	25	firm.1	firm.1	PROPN
ajeer-262	41	26	size	size	NOUN
ajeer-262	41	27	can	can	AUX
ajeer-262	41	28	affect	affect	VERB
ajeer-262	41	29	the	the	DET
ajeer-262	41	30	capital	capital	NOUN
ajeer-262	41	31	structure	structure	NOUN
ajeer-262	41	32	of	of	ADP
ajeer-262	41	33	the	the	DET
ajeer-262	41	34	firm	firm	NOUN
ajeer-262	41	35	because	because	SCONJ
ajeer-262	41	36	of	of	ADP
ajeer-262	41	37	the	the	DET
ajeer-262	41	38	role	role	NOUN
ajeer-262	41	39	of	of	ADP
ajeer-262	41	40	scale	scale	NOUN
ajeer-262	41	41	economies	economy	NOUN
ajeer-262	41	42	in	in	ADP
ajeer-262	41	43	reducing	reduce	VERB
ajeer-262	41	44	asymmetric	asymmetric	ADJ
ajeer-262	41	45	information	information	NOUN
ajeer-262	41	46	,	,	PUNCT
ajeer-262	41	47	degree	degree	NOUN
ajeer-262	41	48	of	of	ADP
ajeer-262	41	49	risk	risk	NOUN
ajeer-262	41	50	exposure	exposure	NOUN
ajeer-262	41	51	,	,	PUNCT
ajeer-262	41	52	the	the	DET
ajeer-262	41	53	extent	extent	NOUN
ajeer-262	41	54	of	of	ADP
ajeer-262	41	55	transaction	transaction	NOUN
ajeer-262	41	56	costs	cost	NOUN
ajeer-262	41	57	,	,	PUNCT
ajeer-262	41	58	and	and	CCONJ
ajeer-262	41	59	access	access	NOUN
ajeer-262	41	60	to	to	ADP
ajeer-262	41	61	market	market	NOUN
ajeer-262	41	62	facilities	facility	NOUN
ajeer-262	41	63	.	.	PUNCT
ajeer-262	42	1	smaller	small	ADJ
ajeer-262	42	2	firms	firm	NOUN
ajeer-262	42	3	receive	receive	VERB
ajeer-262	42	4	less	less	ADJ
ajeer-262	42	5	capital	capital	NOUN
ajeer-262	42	6	or	or	CCONJ
ajeer-262	42	7	pay	pay	VERB
ajeer-262	42	8	higher	high	ADJ
ajeer-262	42	9	rates	rate	NOUN
ajeer-262	42	10	as	as	SCONJ
ajeer-262	42	11	it	it	PRON
ajeer-262	42	12	is	be	AUX
ajeer-262	42	13	relatively	relatively	ADV
ajeer-262	42	14	more	more	ADV
ajeer-262	42	15	expensive	expensive	ADJ
ajeer-262	42	16	for	for	SCONJ
ajeer-262	42	17	them	they	PRON
ajeer-262	42	18	to	to	PART
ajeer-262	42	19	solve	solve	VERB
ajeer-262	42	20	informational	informational	ADJ
ajeer-262	42	21	problems	problem	NOUN
ajeer-262	42	22	with	with	ADP
ajeer-262	42	23	their	their	PRON
ajeer-262	42	24	potential	potential	ADJ
ajeer-262	42	25	creditors	creditor	NOUN
ajeer-262	42	26	.	.	PUNCT
ajeer-262	43	1	this	this	PRON
ajeer-262	43	2	implies	imply	VERB
ajeer-262	43	3	that	that	SCONJ
ajeer-262	43	4	the	the	DET
ajeer-262	43	5	effect	effect	NOUN
ajeer-262	43	6	of	of	ADP
ajeer-262	43	7	size	size	NOUN
ajeer-262	43	8	on	on	ADP
ajeer-262	43	9	financing	financing	NOUN
ajeer-262	43	10	structure	structure	NOUN
ajeer-262	43	11	should	should	AUX
ajeer-262	43	12	be	be	AUX
ajeer-262	43	13	more	more	ADV
ajeer-262	43	14	pronounced	pronounced	ADJ
ajeer-262	43	15	among	among	ADP
ajeer-262	43	16	start	start	NOUN
ajeer-262	43	17	-	-	PUNCT
ajeer-262	43	18	ups	up	NOUN
ajeer-262	43	19	as	as	SCONJ
ajeer-262	43	20	new	new	ADJ
ajeer-262	43	21	firms	firm	NOUN
ajeer-262	43	22	are	be	AUX
ajeer-262	43	23	more	more	ADJ
ajeer-262	43	24	information	information	NOUN
ajeer-262	43	25	-	-	PUNCT
ajeer-262	43	26	wise	wise	ADJ
ajeer-262	43	27	dense	dense	ADJ
ajeer-262	43	28	than	than	ADP
ajeer-262	43	29	their	their	PRON
ajeer-262	43	30	established	establish	VERB
ajeer-262	43	31	counterparts	counterpart	NOUN
ajeer-262	43	32	.	.	PUNCT
ajeer-262	44	1	moreover	moreover	ADV
ajeer-262	44	2	,	,	PUNCT
ajeer-262	44	3	to	to	ADP
ajeer-262	44	4	the	the	DET
ajeer-262	44	5	extent	extent	NOUN
ajeer-262	44	6	that	that	SCONJ
ajeer-262	44	7	firm	firm	ADJ
ajeer-262	44	8	size	size	NOUN
ajeer-262	44	9	is	be	AUX
ajeer-262	44	10	inversely	inversely	ADV
ajeer-262	44	11	correlated	correlate	VERB
ajeer-262	44	12	with	with	ADP
ajeer-262	44	13	risk	risk	NOUN
ajeer-262	44	14	,	,	PUNCT
ajeer-262	44	15	bankruptcy	bankruptcy	NOUN
ajeer-262	44	16	costs	cost	NOUN
ajeer-262	44	17	,	,	PUNCT
ajeer-262	44	18	and	and	CCONJ
ajeer-262	44	19	market	market	NOUN
ajeer-262	44	20	barriers	barrier	NOUN
ajeer-262	44	21	,	,	PUNCT
ajeer-262	44	22	this	this	PRON
ajeer-262	44	23	would	would	AUX
ajeer-262	44	24	discourage	discourage	VERB
ajeer-262	44	25	smaller	small	ADJ
ajeer-262	44	26	firms	firm	NOUN
ajeer-262	44	27	from	from	ADP
ajeer-262	44	28	accessing	access	VERB
ajeer-262	44	29	outside	outside	ADJ
ajeer-262	44	30	financing	financing	NOUN
ajeer-262	44	31	options	option	NOUN
ajeer-262	44	32	.	.	PUNCT
ajeer-262	45	1	consequently	consequently	ADV
ajeer-262	45	2	,	,	PUNCT
ajeer-262	45	3	in	in	ADP
ajeer-262	45	4	light	light	NOUN
ajeer-262	45	5	of	of	ADP
ajeer-262	45	6	these	these	DET
ajeer-262	45	7	frictions	friction	NOUN
ajeer-262	45	8	and	and	CCONJ
ajeer-262	45	9	imperfections	imperfection	NOUN
ajeer-262	45	10	,	,	PUNCT
ajeer-262	45	11	the	the	DET
ajeer-262	45	12	capital	capital	NOUN
ajeer-262	45	13	structure	structure	NOUN
ajeer-262	45	14	of	of	ADP
ajeer-262	45	15	firms	firm	NOUN
ajeer-262	45	16	and	and	CCONJ
ajeer-262	45	17	financial	financial	ADJ
ajeer-262	45	18	intermediaries	intermediary	NOUN
ajeer-262	45	19	could	could	AUX
ajeer-262	45	20	be	be	AUX
ajeer-262	45	21	vastly	vastly	ADV
ajeer-262	45	22	different	different	ADJ
ajeer-262	45	23	from	from	ADP
ajeer-262	45	24	the	the	DET
ajeer-262	45	25	one	one	NOUN
ajeer-262	45	26	predicted	predict	VERB
ajeer-262	45	27	by	by	ADP
ajeer-262	45	28	the	the	DET
ajeer-262	45	29	mm	mm	PROPN
ajeer-262	45	30	principle	principle	NOUN
ajeer-262	45	31	.	.	PUNCT
ajeer-262	46	1	size	size	NOUN
ajeer-262	46	2	is	be	AUX
ajeer-262	46	3	particularly	particularly	ADV
ajeer-262	46	4	relevant	relevant	ADJ
ajeer-262	46	5	in	in	ADP
ajeer-262	46	6	the	the	DET
ajeer-262	46	7	context	context	NOUN
ajeer-262	46	8	of	of	ADP
ajeer-262	46	9	low	low	ADJ
ajeer-262	46	10	income	income	NOUN
ajeer-262	46	11	countries	country	NOUN
ajeer-262	46	12	where	where	SCONJ
ajeer-262	46	13	small	small	ADJ
ajeer-262	46	14	and	and	CCONJ
ajeer-262	46	15	micro	micro	ADJ
ajeer-262	46	16	enterprises	enterprise	NOUN
ajeer-262	46	17	(	(	PUNCT
ajeer-262	46	18	smes	sme	NOUN
ajeer-262	46	19	)	)	PUNCT
ajeer-262	46	20	have	have	VERB
ajeer-262	46	21	great	great	ADJ
ajeer-262	46	22	potential	potential	NOUN
ajeer-262	46	23	in	in	ADP
ajeer-262	46	24	terms	term	NOUN
ajeer-262	46	25	of	of	ADP
ajeer-262	46	26	employment	employment	NOUN
ajeer-262	46	27	creation	creation	NOUN
ajeer-262	46	28	as	as	ADV
ajeer-262	46	29	well	well	ADV
ajeer-262	46	30	as	as	ADP
ajeer-262	46	31	in	in	ADP
ajeer-262	46	32	their	their	PRON
ajeer-262	46	33	contribution	contribution	NOUN
ajeer-262	46	34	to	to	ADP
ajeer-262	46	35	gdp	gdp	NOUN
ajeer-262	46	36	but	but	CCONJ
ajeer-262	46	37	face	face	VERB
ajeer-262	46	38	significant	significant	ADJ
ajeer-262	46	39	barriers	barrier	NOUN
ajeer-262	46	40	against	against	ADP
ajeer-262	46	41	access	access	NOUN
ajeer-262	46	42	to	to	ADP
ajeer-262	46	43	finance.2	finance.2	PROPN
ajeer-262	46	44	the	the	DET
ajeer-262	46	45	world	world	NOUN
ajeer-262	46	46	bank	bank	PROPN
ajeer-262	46	47	report	report	NOUN
ajeer-262	46	48	on	on	ADP
ajeer-262	46	49	small	small	ADJ
ajeer-262	46	50	and	and	CCONJ
ajeer-262	46	51	micro	micro	ADJ
ajeer-262	46	52	enterprise	enterprise	NOUN
ajeer-262	46	53	financing	financing	NOUN
ajeer-262	46	54	in	in	ADP
ajeer-262	46	55	ethiopia	ethiopia	PROPN
ajeer-262	46	56	(	(	PUNCT
ajeer-262	46	57	world	world	PROPN
ajeer-262	46	58	bank	bank	PROPN
ajeer-262	46	59	,	,	PUNCT
ajeer-262	46	60	2015	2015	NUM
ajeer-262	46	61	)	)	PUNCT
ajeer-262	46	62	confirms	confirm	VERB
ajeer-262	46	63	this	this	DET
ajeer-262	46	64	observation	observation	NOUN
ajeer-262	46	65	.	.	PUNCT
ajeer-262	47	1	the	the	DET
ajeer-262	47	2	report	report	NOUN
ajeer-262	47	3	shows	show	VERB
ajeer-262	47	4	that	that	SCONJ
ajeer-262	47	5	in	in	ADP
ajeer-262	47	6	both	both	PRON
ajeer-262	47	7	manufacturing	manufacturing	NOUN
ajeer-262	47	8	and	and	CCONJ
ajeer-262	47	9	service	service	NOUN
ajeer-262	47	10	sectors	sector	NOUN
ajeer-262	47	11	,	,	PUNCT
ajeer-262	47	12	job	job	NOUN
ajeer-262	47	13	creation	creation	NOUN
ajeer-262	47	14	is	be	AUX
ajeer-262	47	15	higher	high	ADJ
ajeer-262	47	16	among	among	ADP
ajeer-262	47	17	established	establish	VERB
ajeer-262	47	18	and	and	CCONJ
ajeer-262	47	19	older	old	ADJ
ajeer-262	47	20	firms	firm	NOUN
ajeer-262	47	21	than	than	ADP
ajeer-262	47	22	under	under	ADP
ajeer-262	47	23	young	young	ADJ
ajeer-262	47	24	businesses	business	NOUN
ajeer-262	47	25	,	,	PUNCT
ajeer-262	47	26	suggesting	suggest	VERB
ajeer-262	47	27	a	a	DET
ajeer-262	47	28	lack	lack	NOUN
ajeer-262	47	29	of	of	ADP
ajeer-262	47	30	competitiveness	competitiveness	NOUN
ajeer-262	47	31	and	and	CCONJ
ajeer-262	47	32	innovation	innovation	NOUN
ajeer-262	47	33	in	in	ADP
ajeer-262	47	34	the	the	DET
ajeer-262	47	35	private	private	ADJ
ajeer-262	47	36	sector	sector	NOUN
ajeer-262	47	37	.	.	PUNCT
ajeer-262	48	1	the	the	DET
ajeer-262	48	2	retail	retail	ADJ
ajeer-262	48	3	and	and	CCONJ
ajeer-262	48	4	service	service	NOUN
ajeer-262	48	5	sectors	sector	NOUN
ajeer-262	48	6	were	be	AUX
ajeer-262	48	7	also	also	ADV
ajeer-262	48	8	more	more	ADV
ajeer-262	48	9	important	important	ADJ
ajeer-262	48	10	than	than	ADP
ajeer-262	48	11	manufacturing	manufacture	VERB
ajeer-262	48	12	in	in	ADP
ajeer-262	48	13	job	job	NOUN
ajeer-262	48	14	creation	creation	NOUN
ajeer-262	48	15	and	and	CCONJ
ajeer-262	48	16	employment	employment	NOUN
ajeer-262	48	17	.	.	PUNCT
ajeer-262	49	1	regarding	regard	VERB
ajeer-262	49	2	financial	financial	ADJ
ajeer-262	49	3	constraints	constraint	NOUN
ajeer-262	49	4	,	,	PUNCT
ajeer-262	49	5	the	the	DET
ajeer-262	49	6	report	report	NOUN
ajeer-262	49	7	indicates	indicate	VERB
ajeer-262	49	8	small	small	ADJ
ajeer-262	49	9	firms	firm	NOUN
ajeer-262	49	10	struggle	struggle	VERB
ajeer-262	49	11	the	the	DET
ajeer-262	49	12	most	most	ADJ
ajeer-262	49	13	in	in	ADP
ajeer-262	49	14	getting	get	VERB
ajeer-262	49	15	access	access	NOUN
ajeer-262	49	16	to	to	ADP
ajeer-262	49	17	credit	credit	NOUN
ajeer-262	49	18	,	,	PUNCT
ajeer-262	49	19	smaller	small	ADJ
ajeer-262	49	20	and	and	CCONJ
ajeer-262	49	21	young	young	ADJ
ajeer-262	49	22	firms	firm	NOUN
ajeer-262	49	23	are	be	AUX
ajeer-262	49	24	more	more	ADV
ajeer-262	49	25	likely	likely	ADJ
ajeer-262	49	26	to	to	PART
ajeer-262	49	27	be	be	AUX
ajeer-262	49	28	rejected	reject	VERB
ajeer-262	49	29	for	for	ADP
ajeer-262	49	30	a	a	DET
ajeer-262	49	31	loan	loan	NOUN
ajeer-262	49	32	or	or	CCONJ
ajeer-262	49	33	a	a	DET
ajeer-262	49	34	line	line	NOUN
ajeer-262	49	35	of	of	ADP
ajeer-262	49	36	credit	credit	NOUN
ajeer-262	49	37	,	,	PUNCT
ajeer-262	49	38	and	and	CCONJ
ajeer-262	49	39	that	that	SCONJ
ajeer-262	49	40	smes	sme	NOUN
ajeer-262	49	41	are	be	AUX
ajeer-262	49	42	discouraged	discouraged	ADJ
ajeer-262	49	43	or	or	CCONJ
ajeer-262	49	44	willingly	willingly	ADJ
ajeer-262	49	45	distance	distance	VERB
ajeer-262	49	46	themselves	themselves	PRON
ajeer-262	49	47	from	from	ADP
ajeer-262	49	48	applying	apply	VERB
ajeer-262	49	49	for	for	ADP
ajeer-262	49	50	loans	loan	NOUN
ajeer-262	49	51	due	due	ADJ
ajeer-262	49	52	to	to	ADP
ajeer-262	49	53	prohibitive	prohibitive	ADJ
ajeer-262	49	54	collateral	collateral	ADJ
ajeer-262	49	55	requirements	requirement	NOUN
ajeer-262	49	56	.	.	PUNCT
ajeer-262	50	1	the	the	DET
ajeer-262	50	2	report	report	NOUN
ajeer-262	50	3	also	also	ADV
ajeer-262	50	4	identifies	identify	VERB
ajeer-262	50	5	a	a	DET
ajeer-262	50	6	‗missing	‗misse	VERB
ajeer-262	50	7	link	link	NOUN
ajeer-262	50	8	‘	'	PUNCT
ajeer-262	50	9	in	in	ADP
ajeer-262	50	10	which	which	PRON
ajeer-262	50	11	small	small	ADJ
ajeer-262	50	12	firms	firm	NOUN
ajeer-262	50	13	are	be	AUX
ajeer-262	50	14	disproportionately	disproportionately	ADV
ajeer-262	50	15	affected	affect	VERB
ajeer-262	50	16	compared	compare	VERB
ajeer-262	50	17	with	with	ADP
ajeer-262	50	18	micro	micro	NOUN
ajeer-262	50	19	,	,	PUNCT
ajeer-262	50	20	medium	medium	ADJ
ajeer-262	50	21	,	,	PUNCT
ajeer-262	50	22	and	and	CCONJ
ajeer-262	50	23	large	large	ADJ
ajeer-262	50	24	enterprises.3	enterprises.3	NOUN
ajeer-262	50	25	the	the	DET
ajeer-262	50	26	main	main	ADJ
ajeer-262	50	27	objective	objective	NOUN
ajeer-262	50	28	of	of	ADP
ajeer-262	50	29	this	this	DET
ajeer-262	50	30	paper	paper	NOUN
ajeer-262	50	31	is	be	AUX
ajeer-262	50	32	to	to	PART
ajeer-262	50	33	see	see	VERB
ajeer-262	50	34	whether	whether	SCONJ
ajeer-262	50	35	the	the	DET
ajeer-262	50	36	financial	financial	ADJ
ajeer-262	50	37	accelerator	accelerator	NOUN
ajeer-262	50	38	mechanism	mechanism	NOUN
ajeer-262	50	39	documented	document	VERB
ajeer-262	50	40	under	under	ADP
ajeer-262	50	41	interest	interest	NOUN
ajeer-262	50	42	-	-	PUNCT
ajeer-262	50	43	rate	rate	NOUN
ajeer-262	50	44	-	-	PUNCT
ajeer-262	50	45	rule	rule	NOUN
ajeer-262	50	46	based	base	VERB
ajeer-262	50	47	simulations	simulation	NOUN
ajeer-262	50	48	could	could	AUX
ajeer-262	50	49	be	be	AUX
ajeer-262	50	50	replicated	replicate	VERB
ajeer-262	50	51	under	under	ADP
ajeer-262	50	52	a	a	DET
ajeer-262	50	53	situation	situation	NOUN
ajeer-262	50	54	where	where	SCONJ
ajeer-262	50	55	the	the	DET
ajeer-262	50	56	central	central	ADJ
ajeer-262	50	57	bank	bank	NOUN
ajeer-262	50	58	uses	use	VERB
ajeer-262	50	59	money	money	NOUN
ajeer-262	50	60	growth	growth	NOUN
ajeer-262	50	61	rule	rule	NOUN
ajeer-262	50	62	in	in	ADP
ajeer-262	50	63	stabilizing	stabilize	VERB
ajeer-262	50	64	the	the	DET
ajeer-262	50	65	national	national	ADJ
ajeer-262	50	66	economy	economy	NOUN
ajeer-262	50	67	.	.	PUNCT
ajeer-262	51	1	the	the	DET
ajeer-262	51	2	findings	finding	NOUN
ajeer-262	51	3	are	be	AUX
ajeer-262	51	4	broadly	broadly	ADV
ajeer-262	51	5	consistent	consistent	ADJ
ajeer-262	51	6	with	with	ADP
ajeer-262	51	7	previous	previous	ADJ
ajeer-262	51	8	studies	study	NOUN
ajeer-262	51	9	that	that	PRON
ajeer-262	51	10	demonstrated	demonstrate	VERB
ajeer-262	51	11	stronger	strong	ADJ
ajeer-262	51	12	role	role	NOUN
ajeer-262	51	13	for	for	ADP
ajeer-262	51	14	credit	credit	NOUN
ajeer-262	51	15	market	market	NOUN
ajeer-262	51	16	imperfections	imperfection	NOUN
ajeer-262	51	17	in	in	ADP
ajeer-262	51	18	amplifying	amplify	VERB
ajeer-262	51	19	and	and	CCONJ
ajeer-262	51	20	propagating	propagate	VERB
ajeer-262	51	21	monetary	monetary	ADJ
ajeer-262	51	22	policy	policy	NOUN
ajeer-262	51	23	shocks	shock	NOUN
ajeer-262	51	24	.	.	PUNCT
ajeer-262	52	1	2	2	X
ajeer-262	52	2	.	.	X
ajeer-262	52	3	literature	literature	NOUN
ajeer-262	52	4	review	review	NOUN
ajeer-262	52	5	despite	despite	SCONJ
ajeer-262	52	6	their	their	PRON
ajeer-262	52	7	popularity	popularity	NOUN
ajeer-262	52	8	as	as	ADP
ajeer-262	52	9	the	the	DET
ajeer-262	52	10	workhorse	workhorse	NOUN
ajeer-262	52	11	for	for	ADP
ajeer-262	52	12	monetary	monetary	ADJ
ajeer-262	52	13	policy	policy	NOUN
ajeer-262	52	14	scenario	scenario	NOUN
ajeer-262	52	15	analysis	analysis	NOUN
ajeer-262	52	16	,	,	PUNCT
ajeer-262	52	17	standard	standard	ADJ
ajeer-262	52	18	new	new	ADJ
ajeer-262	52	19	keynesian	keynesian	ADJ
ajeer-262	52	20	general	general	ADJ
ajeer-262	52	21	equilibrium	equilibrium	NOUN
ajeer-262	52	22	models	model	NOUN
ajeer-262	52	23	had	have	VERB
ajeer-262	52	24	devoted	devote	VERB
ajeer-262	52	25	insignificant	insignificant	ADJ
ajeer-262	52	26	role	role	NOUN
ajeer-262	52	27	to	to	ADP
ajeer-262	52	28	financial	financial	ADJ
ajeer-262	52	29	market	market	NOUN
ajeer-262	52	30	frictions	friction	NOUN
ajeer-262	52	31	in	in	ADP
ajeer-262	52	32	magnifying	magnify	VERB
ajeer-262	52	33	and	and	CCONJ
ajeer-262	52	34	driving	drive	VERB
ajeer-262	52	35	macroeconomic	macroeconomic	ADJ
ajeer-262	52	36	volatility.4	volatility.4	SCONJ
ajeer-262	52	37	these	these	DET
ajeer-262	52	38	models	model	NOUN
ajeer-262	52	39	replicate	replicate	VERB
ajeer-262	52	40	business	business	NOUN
ajeer-262	52	41	cycle	cycle	NOUN
ajeer-262	52	42	properties	property	NOUN
ajeer-262	52	43	only	only	ADV
ajeer-262	52	44	with	with	ADP
ajeer-262	52	45	heavy	heavy	ADJ
ajeer-262	52	46	reliance	reliance	NOUN
ajeer-262	52	47	on	on	ADP
ajeer-262	52	48	extensive	extensive	ADJ
ajeer-262	52	49	and	and	CCONJ
ajeer-262	52	50	persistent	persistent	ADJ
ajeer-262	52	51	shocks	shock	NOUN
ajeer-262	52	52	whose	whose	DET
ajeer-262	52	53	existence	existence	NOUN
ajeer-262	52	54	can	can	AUX
ajeer-262	52	55	not	not	PART
ajeer-262	52	56	easily	easily	ADV
ajeer-262	52	57	be	be	AUX
ajeer-262	52	58	verified	verify	VERB
ajeer-262	52	59	and	and	CCONJ
ajeer-262	52	60	explained	explain	VERB
ajeer-262	52	61	(	(	PUNCT
ajeer-262	52	62	brázdik	brázdik	NOUN
ajeer-262	52	63	et	et	PROPN
ajeer-262	52	64	al	al	PROPN
ajeer-262	52	65	.	.	PROPN
ajeer-262	52	66	,	,	PUNCT
ajeer-262	52	67	2012	2012	NUM
ajeer-262	52	68	)	)	PUNCT
ajeer-262	52	69	.	.	PUNCT
ajeer-262	53	1	in	in	ADP
ajeer-262	53	2	this	this	DET
ajeer-262	53	3	paper	paper	NOUN
ajeer-262	53	4	,	,	PUNCT
ajeer-262	53	5	we	we	PRON
ajeer-262	53	6	introduce	introduce	VERB
ajeer-262	53	7	explicit	explicit	ADJ
ajeer-262	53	8	roles	role	NOUN
ajeer-262	53	9	for	for	ADP
ajeer-262	53	10	both	both	DET
ajeer-262	53	11	business	business	NOUN
ajeer-262	53	12	and	and	CCONJ
ajeer-262	53	13	financial	financial	ADJ
ajeer-262	53	14	market	market	NOUN
ajeer-262	53	15	rigidities	rigidity	NOUN
ajeer-262	53	16	that	that	PRON
ajeer-262	53	17	facilitates	facilitate	VERB
ajeer-262	53	18	the	the	DET
ajeer-262	53	19	amplification	amplification	NOUN
ajeer-262	53	20	and	and	CCONJ
ajeer-262	53	21	propagation	propagation	NOUN
ajeer-262	53	22	of	of	ADP
ajeer-262	53	23	real	real	ADJ
ajeer-262	53	24	and	and	CCONJ
ajeer-262	53	25	nominal	nominal	ADJ
ajeer-262	53	26	shocks	shock	NOUN
ajeer-262	53	27	affecting	affect	VERB
ajeer-262	53	28	the	the	DET
ajeer-262	53	29	economy.5	economy.5	PROPN
ajeer-262	53	30	as	as	SCONJ
ajeer-262	53	31	noted	note	VERB
ajeer-262	53	32	by	by	ADP
ajeer-262	53	33	markovic	markovic	PROPN
ajeer-262	53	34	(	(	PUNCT
ajeer-262	53	35	2006	2006	NUM
ajeer-262	53	36	)	)	PUNCT
ajeer-262	53	37	we	we	PRON
ajeer-262	53	38	can	can	AUX
ajeer-262	53	39	identify	identify	VERB
ajeer-262	53	40	between	between	ADP
ajeer-262	53	41	two	two	NUM
ajeer-262	53	42	distinct	distinct	ADJ
ajeer-262	53	43	categories	category	NOUN
ajeer-262	53	44	of	of	ADP
ajeer-262	53	45	modeling	model	VERB
ajeer-262	53	46	frameworks	framework	NOUN
ajeer-262	53	47	featuring	feature	VERB
ajeer-262	53	48	financial	financial	ADJ
ajeer-262	53	49	market	market	NOUN
ajeer-262	53	50	imperfections	imperfection	NOUN
ajeer-262	53	51	.	.	PUNCT
ajeer-262	54	1	the	the	DET
ajeer-262	54	2	first	first	ADJ
ajeer-262	54	3	category	category	NOUN
ajeer-262	54	4	includes	include	VERB
ajeer-262	54	5	bank	bank	NOUN
ajeer-262	54	6	balance	balance	NOUN
ajeer-262	54	7	sheet	sheet	NOUN
ajeer-262	54	8	models	model	NOUN
ajeer-262	54	9	that	that	PRON
ajeer-262	54	10	emphasize	emphasize	VERB
ajeer-262	54	11	the	the	DET
ajeer-262	54	12	supply	supply	NOUN
ajeer-262	54	13	side	side	NOUN
ajeer-262	54	14	aspects	aspect	NOUN
ajeer-262	54	15	of	of	ADP
ajeer-262	54	16	financial	financial	ADJ
ajeer-262	54	17	markets	market	NOUN
ajeer-262	54	18	such	such	ADJ
ajeer-262	54	19	as	as	ADP
ajeer-262	54	20	bank	bank	NOUN
ajeer-262	54	21	balance	balance	NOUN
ajeer-262	54	22	sheet	sheet	NOUN
ajeer-262	54	23	status	status	NOUN
ajeer-262	54	24	.	.	PUNCT
ajeer-262	55	1	the	the	DET
ajeer-262	55	2	second	second	ADJ
ajeer-262	55	3	group	group	NOUN
ajeer-262	55	4	focuses	focus	VERB
ajeer-262	55	5	on	on	ADP
ajeer-262	55	6	corporate	corporate	ADJ
ajeer-262	55	7	1see	1see	PROPN
ajeer-262	55	8	cassar	cassar	PROPN
ajeer-262	55	9	(	(	PUNCT
ajeer-262	55	10	2004	2004	NUM
ajeer-262	55	11	)	)	PUNCT
ajeer-262	55	12	for	for	ADP
ajeer-262	55	13	more	more	ADJ
ajeer-262	55	14	detail	detail	NOUN
ajeer-262	55	15	on	on	ADP
ajeer-262	55	16	financing	financing	NOUN
ajeer-262	55	17	issues	issue	NOUN
ajeer-262	55	18	affecting	affect	VERB
ajeer-262	55	19	business	business	NOUN
ajeer-262	55	20	start	start	NOUN
ajeer-262	55	21	-	-	PUNCT
ajeer-262	55	22	ups	up	NOUN
ajeer-262	55	23	.	.	PUNCT
ajeer-262	56	1	additionally	additionally	ADV
ajeer-262	56	2	,	,	PUNCT
ajeer-262	56	3	owner	owner	NOUN
ajeer-262	56	4	characteristics	characteristic	NOUN
ajeer-262	56	5	(	(	PUNCT
ajeer-262	56	6	level	level	NOUN
ajeer-262	56	7	of	of	ADP
ajeer-262	56	8	education	education	NOUN
ajeer-262	56	9	or	or	CCONJ
ajeer-262	56	10	experience	experience	NOUN
ajeer-262	56	11	)	)	PUNCT
ajeer-262	56	12	,	,	PUNCT
ajeer-262	56	13	asset	asset	NOUN
ajeer-262	56	14	structure	structure	NOUN
ajeer-262	56	15	or	or	CCONJ
ajeer-262	56	16	collateral	collateral	NOUN
ajeer-262	56	17	,	,	PUNCT
ajeer-262	56	18	legal	legal	ADJ
ajeer-262	56	19	organization	organization	NOUN
ajeer-262	56	20	(	(	PUNCT
ajeer-262	56	21	presence	presence	NOUN
ajeer-262	56	22	or	or	CCONJ
ajeer-262	56	23	absence	absence	NOUN
ajeer-262	56	24	of	of	ADP
ajeer-262	56	25	limited	limited	ADJ
ajeer-262	56	26	liability	liability	NOUN
ajeer-262	56	27	)	)	PUNCT
ajeer-262	56	28	and	and	CCONJ
ajeer-262	56	29	other	other	ADJ
ajeer-262	56	30	factors	factor	NOUN
ajeer-262	56	31	can	can	AUX
ajeer-262	56	32	shape	shape	VERB
ajeer-262	56	33	financing	financing	NOUN
ajeer-262	56	34	structure	structure	NOUN
ajeer-262	56	35	.	.	PUNCT
ajeer-262	57	1	2for	2for	DET
ajeer-262	57	2	instance	instance	NOUN
ajeer-262	57	3	,	,	PUNCT
ajeer-262	57	4	under	under	ADP
ajeer-262	57	5	the	the	DET
ajeer-262	57	6	five	five	NUM
ajeer-262	57	7	-	-	PUNCT
ajeer-262	57	8	year	year	NOUN
ajeer-262	57	9	growth	growth	NOUN
ajeer-262	57	10	and	and	CCONJ
ajeer-262	57	11	transformation	transformation	NOUN
ajeer-262	57	12	plan	plan	NOUN
ajeer-262	57	13	(	(	PUNCT
ajeer-262	57	14	gtp	gtp	NOUN
ajeer-262	57	15	)	)	PUNCT
ajeer-262	57	16	,	,	PUNCT
ajeer-262	57	17	the	the	DET
ajeer-262	57	18	government	government	NOUN
ajeer-262	57	19	of	of	ADP
ajeer-262	57	20	ethiopia	ethiopia	PROPN
ajeer-262	57	21	recognized	recognize	VERB
ajeer-262	57	22	the	the	DET
ajeer-262	57	23	industrial	industrial	ADJ
ajeer-262	57	24	potential	potential	NOUN
ajeer-262	57	25	embedded	embed	VERB
ajeer-262	57	26	in	in	ADP
ajeer-262	57	27	smes	sme	NOUN
ajeer-262	57	28	and	and	CCONJ
ajeer-262	57	29	it	it	PRON
ajeer-262	57	30	planned	plan	VERB
ajeer-262	57	31	to	to	PART
ajeer-262	57	32	generate	generate	VERB
ajeer-262	57	33	more	more	ADJ
ajeer-262	57	34	than	than	ADP
ajeer-262	57	35	3	3	NUM
ajeer-262	57	36	million	million	NUM
ajeer-262	57	37	jobs	job	NOUN
ajeer-262	57	38	between	between	ADP
ajeer-262	57	39	2010/11	2010/11	NUM
ajeer-262	57	40	and	and	CCONJ
ajeer-262	57	41	2014/15,a	2014/15,a	ADJ
ajeer-262	57	42	goal	goal	NOUN
ajeer-262	57	43	which	which	PRON
ajeer-262	57	44	was	be	AUX
ajeer-262	57	45	realized	realize	VERB
ajeer-262	57	46	by	by	ADP
ajeer-262	57	47	more	more	ADJ
ajeer-262	57	48	than	than	ADP
ajeer-262	57	49	threefold	threefold	ADV
ajeer-262	57	50	by	by	ADP
ajeer-262	57	51	the	the	DET
ajeer-262	57	52	end	end	NOUN
ajeer-262	57	53	of	of	ADP
ajeer-262	57	54	july	july	PROPN
ajeer-262	57	55	2015	2015	NUM
ajeer-262	57	56	.	.	PUNCT
ajeer-262	58	1	3according	3accorde	VERB
ajeer-262	58	2	to	to	ADP
ajeer-262	58	3	this	this	DET
ajeer-262	58	4	report	report	NOUN
ajeer-262	58	5	only	only	ADV
ajeer-262	58	6	1.9	1.9	NUM
ajeer-262	58	7	percent	percent	NOUN
ajeer-262	58	8	of	of	ADP
ajeer-262	58	9	small	small	ADJ
ajeer-262	58	10	firms	firm	NOUN
ajeer-262	58	11	have	have	VERB
ajeer-262	58	12	loan	loan	NOUN
ajeer-262	58	13	or	or	CCONJ
ajeer-262	58	14	line	line	NOUN
ajeer-262	58	15	of	of	ADP
ajeer-262	58	16	credit	credit	NOUN
ajeer-262	58	17	while	while	SCONJ
ajeer-262	58	18	the	the	DET
ajeer-262	58	19	corresponding	corresponding	ADJ
ajeer-262	58	20	figures	figure	NOUN
ajeer-262	58	21	for	for	ADP
ajeer-262	58	22	micro	micro	NOUN
ajeer-262	58	23	,	,	PUNCT
ajeer-262	58	24	medium	medium	ADJ
ajeer-262	58	25	and	and	CCONJ
ajeer-262	58	26	large	large	ADJ
ajeer-262	58	27	firms	firm	NOUN
ajeer-262	58	28	are	be	AUX
ajeer-262	58	29	6	6	NUM
ajeer-262	58	30	,	,	PUNCT
ajeer-262	58	31	20.5	20.5	NUM
ajeer-262	58	32	,	,	PUNCT
ajeer-262	58	33	35.5	35.5	NUM
ajeer-262	58	34	percent	percent	NOUN
ajeer-262	58	35	,	,	PUNCT
ajeer-262	58	36	respectively	respectively	ADV
ajeer-262	58	37	.	.	X
ajeer-262	59	1	4	4	NUM
ajeer-262	59	2	for	for	ADP
ajeer-262	59	3	instance	instance	NOUN
ajeer-262	59	4	,	,	PUNCT
ajeer-262	59	5	influential	influential	ADJ
ajeer-262	59	6	papers	paper	NOUN
ajeer-262	59	7	like	like	ADP
ajeer-262	59	8	clarida	clarida	NOUN
ajeer-262	59	9	,	,	PUNCT
ajeer-262	59	10	gali	gali	NOUN
ajeer-262	59	11	and	and	CCONJ
ajeer-262	59	12	gertler	gertler	NOUN
ajeer-262	59	13	(	(	PUNCT
ajeer-262	59	14	1999	1999	NUM
ajeer-262	59	15	)	)	PUNCT
ajeer-262	59	16	.	.	PUNCT
ajeer-262	60	1	do	do	AUX
ajeer-262	60	2	not	not	PART
ajeer-262	60	3	consider	consider	VERB
ajeer-262	60	4	financial	financial	ADJ
ajeer-262	60	5	frictions	friction	NOUN
ajeer-262	60	6	at	at	ADV
ajeer-262	60	7	all	all	ADV
ajeer-262	60	8	in	in	ADP
ajeer-262	60	9	their	their	PRON
ajeer-262	60	10	new	new	ADJ
ajeer-262	60	11	keynesian	keynesian	ADJ
ajeer-262	60	12	models	model	NOUN
ajeer-262	60	13	5	5	NUM
ajeer-262	60	14	see	see	VERB
ajeer-262	60	15	also	also	ADV
ajeer-262	60	16	vousinas	vousinas	PROPN
ajeer-262	60	17	(	(	PUNCT
ajeer-262	60	18	2013	2013	NUM
ajeer-262	60	19	)	)	PUNCT
ajeer-262	60	20	on	on	ADP
ajeer-262	60	21	the	the	DET
ajeer-262	60	22	financial	financial	ADJ
ajeer-262	60	23	-	-	PUNCT
ajeer-262	60	24	real	real	ADJ
ajeer-262	60	25	economy	economy	NOUN
ajeer-262	60	26	linkage	linkage	NOUN
ajeer-262	60	27	.	.	PUNCT
ajeer-262	61	1	asian	asian	ADJ
ajeer-262	61	2	journal	journal	PROPN
ajeer-262	61	3	of	of	ADP
ajeer-262	61	4	economics	economic	NOUN
ajeer-262	61	5	and	and	CCONJ
ajeer-262	61	6	empirical	empirical	ADJ
ajeer-262	61	7	research	research	NOUN
ajeer-262	61	8	,	,	PUNCT
ajeer-262	61	9	2019	2019	NUM
ajeer-262	61	10	,	,	PUNCT
ajeer-262	61	11	6(1	6(1	NUM
ajeer-262	61	12	):	):	PUNCT
ajeer-262	61	13	16	16	NUM
ajeer-262	61	14	-	-	SYM
ajeer-262	61	15	26	26	NUM
ajeer-262	61	16	18	18	NUM
ajeer-262	61	17	©	©	PROPN
ajeer-262	61	18	2019	2019	NUM
ajeer-262	61	19	by	by	ADP
ajeer-262	61	20	the	the	DET
ajeer-262	61	21	authors	author	NOUN
ajeer-262	61	22	;	;	PUNCT
ajeer-262	61	23	licensee	licensee	PROPN
ajeer-262	61	24	asian	asian	ADJ
ajeer-262	61	25	online	online	PROPN
ajeer-262	61	26	journal	journal	PROPN
ajeer-262	61	27	publishing	publishing	NOUN
ajeer-262	61	28	group	group	NOUN
ajeer-262	61	29	or	or	CCONJ
ajeer-262	61	30	business	business	NOUN
ajeer-262	61	31	balance	balance	NOUN
ajeer-262	61	32	sheet	sheet	NOUN
ajeer-262	61	33	conditions	condition	NOUN
ajeer-262	61	34	like	like	ADP
ajeer-262	61	35	the	the	DET
ajeer-262	61	36	financial	financial	ADJ
ajeer-262	61	37	accelerator	accelerator	NOUN
ajeer-262	61	38	mechanism	mechanism	NOUN
ajeer-262	61	39	influencing	influence	VERB
ajeer-262	61	40	firm	firm	ADJ
ajeer-262	61	41	net	net	ADJ
ajeer-262	61	42	worth	worth	NOUN
ajeer-262	61	43	.	.	PUNCT
ajeer-262	62	1	while	while	SCONJ
ajeer-262	62	2	most	most	ADJ
ajeer-262	62	3	of	of	ADP
ajeer-262	62	4	the	the	DET
ajeer-262	62	5	literature	literature	NOUN
ajeer-262	62	6	has	have	AUX
ajeer-262	62	7	so	so	ADV
ajeer-262	62	8	far	far	ADV
ajeer-262	62	9	concentrated	concentrate	VERB
ajeer-262	62	10	solely	solely	ADV
ajeer-262	62	11	on	on	ADP
ajeer-262	62	12	the	the	DET
ajeer-262	62	13	demand	demand	NOUN
ajeer-262	62	14	side	side	NOUN
ajeer-262	62	15	,	,	PUNCT
ajeer-262	62	16	we	we	PRON
ajeer-262	62	17	also	also	ADV
ajeer-262	62	18	consider	consider	VERB
ajeer-262	62	19	interaction	interaction	NOUN
ajeer-262	62	20	with	with	ADP
ajeer-262	62	21	the	the	DET
ajeer-262	62	22	supply	supply	NOUN
ajeer-262	62	23	side	side	NOUN
ajeer-262	62	24	to	to	PART
ajeer-262	62	25	account	account	VERB
ajeer-262	62	26	for	for	ADP
ajeer-262	62	27	frictions	friction	NOUN
ajeer-262	62	28	arising	arise	VERB
ajeer-262	62	29	from	from	ADP
ajeer-262	62	30	banking	banking	NOUN
ajeer-262	62	31	and	and	CCONJ
ajeer-262	62	32	financial	financial	ADJ
ajeer-262	62	33	markets	market	NOUN
ajeer-262	62	34	.	.	PUNCT
ajeer-262	63	1	on	on	ADP
ajeer-262	63	2	the	the	DET
ajeer-262	63	3	demand	demand	NOUN
ajeer-262	63	4	side	side	NOUN
ajeer-262	63	5	,	,	PUNCT
ajeer-262	63	6	bernanke	bernanke	PROPN
ajeer-262	63	7	et	et	PROPN
ajeer-262	63	8	al	al	PROPN
ajeer-262	63	9	.	.	PROPN
ajeer-262	64	1	(	(	PUNCT
ajeer-262	64	2	1989	1989	NUM
ajeer-262	64	3	)	)	PUNCT
ajeer-262	64	4	and	and	CCONJ
ajeer-262	64	5	bernanke	bernanke	VERB
ajeer-262	64	6	et	et	PROPN
ajeer-262	64	7	al	al	PROPN
ajeer-262	64	8	.	.	PUNCT
ajeer-262	65	1	(	(	PUNCT
ajeer-262	65	2	1999	1999	NUM
ajeer-262	65	3	)	)	PUNCT
ajeer-262	65	4	constitute	constitute	VERB
ajeer-262	65	5	the	the	DET
ajeer-262	65	6	foundation	foundation	NOUN
ajeer-262	65	7	by	by	ADP
ajeer-262	65	8	incorporating	incorporate	VERB
ajeer-262	65	9	information	information	NOUN
ajeer-262	65	10	asymmetry	asymmetry	NOUN
ajeer-262	65	11	in	in	ADP
ajeer-262	65	12	credit	credit	NOUN
ajeer-262	65	13	markets	market	NOUN
ajeer-262	65	14	as	as	ADP
ajeer-262	65	15	a	a	DET
ajeer-262	65	16	source	source	NOUN
ajeer-262	65	17	of	of	ADP
ajeer-262	65	18	agency	agency	NOUN
ajeer-262	65	19	costs	cost	NOUN
ajeer-262	65	20	influencing	influence	VERB
ajeer-262	65	21	investmentspending	investmentspende	VERB
ajeer-262	65	22	behavior	behavior	NOUN
ajeer-262	65	23	among	among	ADP
ajeer-262	65	24	firms	firm	NOUN
ajeer-262	65	25	.	.	PUNCT
ajeer-262	66	1	this	this	DET
ajeer-262	66	2	link	link	NOUN
ajeer-262	66	3	is	be	AUX
ajeer-262	66	4	particularly	particularly	ADV
ajeer-262	66	5	strong	strong	ADJ
ajeer-262	66	6	when	when	SCONJ
ajeer-262	66	7	the	the	DET
ajeer-262	66	8	economy	economy	NOUN
ajeer-262	66	9	is	be	AUX
ajeer-262	66	10	stuck	stick	VERB
ajeer-262	66	11	below	below	ADP
ajeer-262	66	12	its	its	PRON
ajeer-262	66	13	capacity	capacity	NOUN
ajeer-262	66	14	.	.	PUNCT
ajeer-262	67	1	in	in	ADP
ajeer-262	67	2	recession	recession	NOUN
ajeer-262	67	3	,	,	PUNCT
ajeer-262	67	4	for	for	ADP
ajeer-262	67	5	instance	instance	NOUN
ajeer-262	67	6	,	,	PUNCT
ajeer-262	67	7	demand	demand	NOUN
ajeer-262	67	8	shortfall	shortfall	NOUN
ajeer-262	67	9	negatively	negatively	ADV
ajeer-262	67	10	affects	affect	VERB
ajeer-262	67	11	revenue	revenue	NOUN
ajeer-262	67	12	and	and	CCONJ
ajeer-262	67	13	consequently	consequently	ADV
ajeer-262	67	14	firm	firm	ADJ
ajeer-262	67	15	profit	profit	NOUN
ajeer-262	67	16	and	and	CCONJ
ajeer-262	67	17	equity6	equity6	NOUN
ajeer-262	67	18	fall	fall	VERB
ajeer-262	67	19	substantially	substantially	ADV
ajeer-262	67	20	.	.	PUNCT
ajeer-262	68	1	the	the	DET
ajeer-262	68	2	attendant	attendant	ADJ
ajeer-262	68	3	increase	increase	NOUN
ajeer-262	68	4	in	in	ADP
ajeer-262	68	5	leverage	leverage	NOUN
ajeer-262	68	6	ratio	ratio	NOUN
ajeer-262	68	7	(	(	PUNCT
ajeer-262	68	8	or	or	CCONJ
ajeer-262	68	9	decrease	decrease	VERB
ajeer-262	68	10	in	in	ADP
ajeer-262	68	11	net	net	ADJ
ajeer-262	68	12	worth	worth	NOUN
ajeer-262	68	13	)	)	PUNCT
ajeer-262	68	14	aggravates	aggravate	VERB
ajeer-262	68	15	the	the	DET
ajeer-262	68	16	already	already	ADV
ajeer-262	68	17	existent	existent	ADJ
ajeer-262	68	18	agency	agency	NOUN
ajeer-262	68	19	problem	problem	NOUN
ajeer-262	68	20	and	and	CCONJ
ajeer-262	68	21	creditors	creditor	NOUN
ajeer-262	68	22	respond	respond	VERB
ajeer-262	68	23	by	by	ADP
ajeer-262	68	24	raising	raise	VERB
ajeer-262	68	25	the	the	DET
ajeer-262	68	26	finance	finance	NOUN
ajeer-262	68	27	premium	premium	NOUN
ajeer-262	68	28	on	on	ADP
ajeer-262	68	29	their	their	PRON
ajeer-262	68	30	loans	loan	NOUN
ajeer-262	68	31	.	.	PUNCT
ajeer-262	69	1	the	the	DET
ajeer-262	69	2	higher	high	ADJ
ajeer-262	69	3	external	external	ADJ
ajeer-262	69	4	financial	financial	ADJ
ajeer-262	69	5	premium	premium	NOUN
ajeer-262	69	6	reduces	reduce	VERB
ajeer-262	69	7	the	the	DET
ajeer-262	69	8	demand	demand	NOUN
ajeer-262	69	9	for	for	ADP
ajeer-262	69	10	capital	capital	NOUN
ajeer-262	69	11	investment	investment	NOUN
ajeer-262	69	12	which	which	PRON
ajeer-262	69	13	,	,	PUNCT
ajeer-262	69	14	in	in	ADP
ajeer-262	69	15	turn	turn	NOUN
ajeer-262	69	16	,	,	PUNCT
ajeer-262	69	17	further	far	ADV
ajeer-262	69	18	undermines	undermine	VERB
ajeer-262	69	19	the	the	DET
ajeer-262	69	20	net	net	ADJ
ajeer-262	69	21	worth	worth	ADJ
ajeer-262	69	22	position	position	NOUN
ajeer-262	69	23	and	and	CCONJ
ajeer-262	69	24	survivability	survivability	NOUN
ajeer-262	69	25	of	of	ADP
ajeer-262	69	26	the	the	DET
ajeer-262	69	27	firm	firm	NOUN
ajeer-262	69	28	.	.	PUNCT
ajeer-262	70	1	this	this	DET
ajeer-262	70	2	self	self	NOUN
ajeer-262	70	3	-	-	PUNCT
ajeer-262	70	4	reinforcing	reinforce	VERB
ajeer-262	70	5	mechanism	mechanism	NOUN
ajeer-262	70	6	is	be	AUX
ajeer-262	70	7	known	know	VERB
ajeer-262	70	8	as	as	ADP
ajeer-262	70	9	the	the	DET
ajeer-262	70	10	―financial	―financial	PROPN
ajeer-262	70	11	accelerator‖	accelerator‖	PUNCT
ajeer-262	70	12	and	and	CCONJ
ajeer-262	70	13	illustrates	illustrate	VERB
ajeer-262	70	14	the	the	DET
ajeer-262	70	15	pro	pro	ADJ
ajeer-262	70	16	-	-	ADJ
ajeer-262	70	17	cyclical	cyclical	ADJ
ajeer-262	70	18	nature	nature	NOUN
ajeer-262	70	19	of	of	ADP
ajeer-262	70	20	adverse	adverse	ADJ
ajeer-262	70	21	changes	change	NOUN
ajeer-262	70	22	in	in	ADP
ajeer-262	70	23	business	business	NOUN
ajeer-262	70	24	net	net	NOUN
ajeer-262	70	25	worth	worth	NOUN
ajeer-262	70	26	and	and	CCONJ
ajeer-262	70	27	their	their	PRON
ajeer-262	70	28	impact	impact	NOUN
ajeer-262	70	29	on	on	ADP
ajeer-262	70	30	the	the	DET
ajeer-262	70	31	ability	ability	NOUN
ajeer-262	70	32	of	of	ADP
ajeer-262	70	33	firms	firm	NOUN
ajeer-262	70	34	to	to	PART
ajeer-262	70	35	access	access	VERB
ajeer-262	70	36	external	external	ADJ
ajeer-262	70	37	funding	funding	NOUN
ajeer-262	70	38	opportunities	opportunity	NOUN
ajeer-262	70	39	.	.	PUNCT
ajeer-262	71	1	the	the	DET
ajeer-262	71	2	financial	financial	ADJ
ajeer-262	71	3	accelerator	accelerator	NOUN
ajeer-262	71	4	principle	principle	NOUN
ajeer-262	71	5	implicitly	implicitly	ADV
ajeer-262	71	6	assumes	assume	VERB
ajeer-262	71	7	that	that	SCONJ
ajeer-262	71	8	producers	producer	NOUN
ajeer-262	71	9	can	can	AUX
ajeer-262	71	10	get	get	VERB
ajeer-262	71	11	unlimited	unlimited	ADJ
ajeer-262	71	12	amount	amount	NOUN
ajeer-262	71	13	of	of	ADP
ajeer-262	71	14	funding	funding	NOUN
ajeer-262	71	15	at	at	ADP
ajeer-262	71	16	the	the	DET
ajeer-262	71	17	prevailing	prevail	VERB
ajeer-262	71	18	lending	lending	NOUN
ajeer-262	71	19	rate	rate	NOUN
ajeer-262	71	20	subject	subject	ADJ
ajeer-262	71	21	to	to	ADP
ajeer-262	71	22	the	the	DET
ajeer-262	71	23	strength	strength	NOUN
ajeer-262	71	24	of	of	ADP
ajeer-262	71	25	their	their	PRON
ajeer-262	71	26	balance	balance	NOUN
ajeer-262	71	27	sheet	sheet	NOUN
ajeer-262	71	28	structures	structure	NOUN
ajeer-262	71	29	(	(	PUNCT
ajeer-262	71	30	banks	bank	NOUN
ajeer-262	71	31	demand	demand	VERB
ajeer-262	71	32	no	no	DET
ajeer-262	71	33	guarantee	guarantee	NOUN
ajeer-262	71	34	that	that	SCONJ
ajeer-262	71	35	the	the	DET
ajeer-262	71	36	loan	loan	NOUN
ajeer-262	71	37	be	be	AUX
ajeer-262	71	38	repaid	repay	VERB
ajeer-262	71	39	in	in	ADP
ajeer-262	71	40	full	full	ADJ
ajeer-262	71	41	)	)	PUNCT
ajeer-262	71	42	.	.	PUNCT
ajeer-262	72	1	in	in	ADP
ajeer-262	72	2	this	this	DET
ajeer-262	72	3	setting	setting	NOUN
ajeer-262	72	4	,	,	PUNCT
ajeer-262	72	5	the	the	DET
ajeer-262	72	6	external	external	ADJ
ajeer-262	72	7	risk	risk	NOUN
ajeer-262	72	8	premium	premium	NOUN
ajeer-262	72	9	only	only	ADV
ajeer-262	72	10	affects	affect	VERB
ajeer-262	72	11	their	their	PRON
ajeer-262	72	12	capacity	capacity	NOUN
ajeer-262	72	13	to	to	PART
ajeer-262	72	14	borrow	borrow	VERB
ajeer-262	72	15	without	without	ADP
ajeer-262	72	16	facing	face	VERB
ajeer-262	72	17	the	the	DET
ajeer-262	72	18	possibility	possibility	NOUN
ajeer-262	72	19	of	of	ADP
ajeer-262	72	20	credit	credit	NOUN
ajeer-262	72	21	rationing	rationing	NOUN
ajeer-262	72	22	or	or	CCONJ
ajeer-262	72	23	some	some	DET
ajeer-262	72	24	other	other	ADJ
ajeer-262	72	25	quantitative	quantitative	ADJ
ajeer-262	72	26	restrictions	restriction	NOUN
ajeer-262	72	27	imposed	impose	VERB
ajeer-262	72	28	by	by	ADP
ajeer-262	72	29	lenders	lender	NOUN
ajeer-262	72	30	.	.	PUNCT
ajeer-262	73	1	kiyotaki	kiyotaki	NOUN
ajeer-262	73	2	and	and	CCONJ
ajeer-262	73	3	moore	moore	PROPN
ajeer-262	73	4	(	(	PUNCT
ajeer-262	73	5	1997	1997	NUM
ajeer-262	73	6	)	)	PUNCT
ajeer-262	73	7	consider	consider	VERB
ajeer-262	73	8	collateral	collateral	ADJ
ajeer-262	73	9	constraints	constraint	NOUN
ajeer-262	73	10	that	that	PRON
ajeer-262	73	11	facilitate	facilitate	VERB
ajeer-262	73	12	the	the	DET
ajeer-262	73	13	magnification	magnification	NOUN
ajeer-262	73	14	of	of	ADP
ajeer-262	73	15	business	business	NOUN
ajeer-262	73	16	cycle	cycle	NOUN
ajeer-262	73	17	volatility	volatility	NOUN
ajeer-262	73	18	and	and	CCONJ
ajeer-262	73	19	persistence	persistence	NOUN
ajeer-262	73	20	as	as	ADP
ajeer-262	73	21	a	a	DET
ajeer-262	73	22	result	result	NOUN
ajeer-262	73	23	of	of	ADP
ajeer-262	73	24	dynamic	dynamic	ADJ
ajeer-262	73	25	association	association	NOUN
ajeer-262	73	26	between	between	ADP
ajeer-262	73	27	credit	credit	NOUN
ajeer-262	73	28	prices	price	NOUN
ajeer-262	73	29	and	and	CCONJ
ajeer-262	73	30	quantities	quantity	NOUN
ajeer-262	73	31	.	.	PUNCT
ajeer-262	74	1	in	in	ADP
ajeer-262	74	2	the	the	DET
ajeer-262	74	3	past	past	NOUN
ajeer-262	74	4	,	,	PUNCT
ajeer-262	74	5	the	the	DET
ajeer-262	74	6	vast	vast	ADJ
ajeer-262	74	7	majority	majority	NOUN
ajeer-262	74	8	of	of	ADP
ajeer-262	74	9	the	the	DET
ajeer-262	74	10	literature	literature	NOUN
ajeer-262	74	11	focused	focus	VERB
ajeer-262	74	12	its	its	PRON
ajeer-262	74	13	attention	attention	NOUN
ajeer-262	74	14	on	on	ADP
ajeer-262	74	15	credit	credit	NOUN
ajeer-262	74	16	market	market	NOUN
ajeer-262	74	17	imperfections	imperfection	NOUN
ajeer-262	74	18	affecting	affect	VERB
ajeer-262	74	19	firms	firm	NOUN
ajeer-262	74	20	while	while	SCONJ
ajeer-262	74	21	the	the	DET
ajeer-262	74	22	role	role	NOUN
ajeer-262	74	23	of	of	ADP
ajeer-262	74	24	banking	banking	NOUN
ajeer-262	74	25	was	be	AUX
ajeer-262	74	26	understated	understate	VERB
ajeer-262	74	27	or	or	CCONJ
ajeer-262	74	28	totally	totally	ADV
ajeer-262	74	29	ignored	ignore	VERB
ajeer-262	74	30	.	.	PUNCT
ajeer-262	75	1	incorporating	incorporate	VERB
ajeer-262	75	2	the	the	DET
ajeer-262	75	3	financial	financial	ADJ
ajeer-262	75	4	sector	sector	NOUN
ajeer-262	75	5	permits	permit	VERB
ajeer-262	75	6	an	an	DET
ajeer-262	75	7	important	important	ADJ
ajeer-262	75	8	role	role	NOUN
ajeer-262	75	9	for	for	ADP
ajeer-262	75	10	the	the	DET
ajeer-262	75	11	supply	supply	NOUN
ajeer-262	75	12	side	side	NOUN
ajeer-262	75	13	of	of	ADP
ajeer-262	75	14	the	the	DET
ajeer-262	75	15	credit	credit	NOUN
ajeer-262	75	16	market	market	NOUN
ajeer-262	75	17	by	by	ADP
ajeer-262	75	18	activating	activate	VERB
ajeer-262	75	19	banks	bank	NOUN
ajeer-262	75	20	‘	'	PUNCT
ajeer-262	75	21	liquidity	liquidity	NOUN
ajeer-262	75	22	and	and	CCONJ
ajeer-262	75	23	capital	capital	NOUN
ajeer-262	75	24	structures	structure	NOUN
ajeer-262	75	25	,	,	PUNCT
ajeer-262	75	26	which	which	PRON
ajeer-262	75	27	creates	create	VERB
ajeer-262	75	28	a	a	DET
ajeer-262	75	29	two	two	NUM
ajeer-262	75	30	-	-	PUNCT
ajeer-262	75	31	way	way	NOUN
ajeer-262	75	32	bridge	bridge	NOUN
ajeer-262	75	33	between	between	ADP
ajeer-262	75	34	banking	banking	NOUN
ajeer-262	75	35	services	service	NOUN
ajeer-262	75	36	and	and	CCONJ
ajeer-262	75	37	the	the	DET
ajeer-262	75	38	broader	broad	ADJ
ajeer-262	75	39	non	non	ADJ
ajeer-262	75	40	-	-	ADJ
ajeer-262	75	41	financial	financial	ADJ
ajeer-262	75	42	economic	economic	ADJ
ajeer-262	75	43	activity	activity	NOUN
ajeer-262	75	44	.	.	PUNCT
ajeer-262	76	1	consequently	consequently	ADV
ajeer-262	76	2	,	,	PUNCT
ajeer-262	76	3	introducing	introduce	VERB
ajeer-262	76	4	an	an	DET
ajeer-262	76	5	active	active	ADJ
ajeer-262	76	6	banking	banking	NOUN
ajeer-262	76	7	sector	sector	NOUN
ajeer-262	76	8	creates	create	VERB
ajeer-262	76	9	a	a	DET
ajeer-262	76	10	double	double	ADJ
ajeer-262	76	11	-	-	PUNCT
ajeer-262	76	12	agency	agency	NOUN
ajeer-262	76	13	-	-	PUNCT
ajeer-262	76	14	cost	cost	NOUN
ajeer-262	76	15	problem	problem	NOUN
ajeer-262	76	16	between	between	ADP
ajeer-262	76	17	banks	bank	NOUN
ajeer-262	76	18	and	and	CCONJ
ajeer-262	76	19	their	their	PRON
ajeer-262	76	20	shareholders	shareholder	NOUN
ajeer-262	76	21	on	on	ADP
ajeer-262	76	22	the	the	DET
ajeer-262	76	23	one	one	NUM
ajeer-262	76	24	hand	hand	NOUN
ajeer-262	76	25	and	and	CCONJ
ajeer-262	76	26	between	between	ADP
ajeer-262	76	27	borrowers	borrower	NOUN
ajeer-262	76	28	and	and	CCONJ
ajeer-262	76	29	creditors	creditor	NOUN
ajeer-262	76	30	on	on	ADP
ajeer-262	76	31	the	the	DET
ajeer-262	76	32	other.7	other.7	PROPN
ajeer-262	76	33	heuvel	heuvel	PROPN
ajeer-262	76	34	(	(	PUNCT
ajeer-262	76	35	2002	2002	NUM
ajeer-262	76	36	)	)	PUNCT
ajeer-262	76	37	;	;	PUNCT
ajeer-262	76	38	markovic	markovic	PROPN
ajeer-262	76	39	(	(	PUNCT
ajeer-262	76	40	2006	2006	NUM
ajeer-262	76	41	)	)	PUNCT
ajeer-262	76	42	;	;	PUNCT
ajeer-262	76	43	aguiar	aguiar	NOUN
ajeer-262	76	44	and	and	CCONJ
ajeer-262	76	45	drumond	drumond	NOUN
ajeer-262	76	46	(	(	PUNCT
ajeer-262	76	47	2007	2007	NUM
ajeer-262	76	48	)	)	PUNCT
ajeer-262	76	49	;	;	PUNCT
ajeer-262	76	50	christensen	christensen	PROPN
ajeer-262	76	51	and	and	CCONJ
ajeer-262	76	52	dib	dib	PROPN
ajeer-262	76	53	(	(	PUNCT
ajeer-262	76	54	2008	2008	NUM
ajeer-262	76	55	)	)	PUNCT
ajeer-262	76	56	and	and	CCONJ
ajeer-262	76	57	dib	dib	PROPN
ajeer-262	76	58	(	(	PUNCT
ajeer-262	76	59	2010	2010	NUM
ajeer-262	76	60	)	)	PUNCT
ajeer-262	76	61	among	among	ADP
ajeer-262	76	62	others	other	NOUN
ajeer-262	76	63	,	,	PUNCT
ajeer-262	76	64	have	have	AUX
ajeer-262	76	65	rationalized	rationalize	VERB
ajeer-262	76	66	how	how	SCONJ
ajeer-262	76	67	capital	capital	ADJ
ajeer-262	76	68	sufficiency	sufficiency	NOUN
ajeer-262	76	69	regulations	regulation	NOUN
ajeer-262	76	70	imply	imply	VERB
ajeer-262	76	71	a	a	DET
ajeer-262	76	72	breakdown	breakdown	NOUN
ajeer-262	76	73	of	of	ADP
ajeer-262	76	74	the	the	DET
ajeer-262	76	75	modigliani	modigliani	ADJ
ajeer-262	76	76	-	-	PUNCT
ajeer-262	76	77	miller	miller	PROPN
ajeer-262	76	78	principle	principle	NOUN
ajeer-262	76	79	:	:	PUNCT
ajeer-262	76	80	the	the	DET
ajeer-262	76	81	bank‘s	bank‘s	PROPN
ajeer-262	76	82	credit	credit	NOUN
ajeer-262	76	83	supply	supply	NOUN
ajeer-262	76	84	policy	policy	NOUN
ajeer-262	76	85	is	be	AUX
ajeer-262	76	86	a	a	DET
ajeer-262	76	87	function	function	NOUN
ajeer-262	76	88	of	of	ADP
ajeer-262	76	89	its	its	PRON
ajeer-262	76	90	capital	capital	NOUN
ajeer-262	76	91	structure	structure	NOUN
ajeer-262	76	92	,	,	PUNCT
ajeer-262	76	93	lending	lending	NOUN
ajeer-262	76	94	opportunities	opportunity	NOUN
ajeer-262	76	95	,	,	PUNCT
ajeer-262	76	96	and	and	CCONJ
ajeer-262	76	97	market	market	NOUN
ajeer-262	76	98	interest	interest	NOUN
ajeer-262	76	99	rates	rate	NOUN
ajeer-262	76	100	.	.	PUNCT
ajeer-262	77	1	for	for	ADP
ajeer-262	77	2	instance	instance	NOUN
ajeer-262	77	3	,	,	PUNCT
ajeer-262	77	4	a	a	DET
ajeer-262	77	5	sharp	sharp	ADJ
ajeer-262	77	6	fall	fall	NOUN
ajeer-262	77	7	in	in	ADP
ajeer-262	77	8	bank	bank	NOUN
ajeer-262	77	9	capital	capital	NOUN
ajeer-262	77	10	—	—	PUNCT
ajeer-262	77	11	from	from	ADP
ajeer-262	77	12	cancellation	cancellation	NOUN
ajeer-262	77	13	of	of	ADP
ajeer-262	77	14	large	large	ADJ
ajeer-262	77	15	non	non	ADJ
ajeer-262	77	16	-	-	ADJ
ajeer-262	77	17	performing	performing	ADJ
ajeer-262	77	18	loans	loan	NOUN
ajeer-262	77	19	or	or	CCONJ
ajeer-262	77	20	other	other	ADJ
ajeer-262	77	21	adverse	adverse	ADJ
ajeer-262	77	22	shocks	shock	NOUN
ajeer-262	77	23	—	—	PUNCT
ajeer-262	77	24	will	will	AUX
ajeer-262	77	25	force	force	VERB
ajeer-262	77	26	the	the	DET
ajeer-262	77	27	bank	bank	NOUN
ajeer-262	77	28	to	to	PART
ajeer-262	77	29	reduce	reduce	VERB
ajeer-262	77	30	the	the	DET
ajeer-262	77	31	supply	supply	NOUN
ajeer-262	77	32	of	of	ADP
ajeer-262	77	33	credit	credit	NOUN
ajeer-262	77	34	because	because	SCONJ
ajeer-262	77	35	of	of	ADP
ajeer-262	77	36	regulatory	regulatory	ADJ
ajeer-262	77	37	capital	capital	NOUN
ajeer-262	77	38	requirement	requirement	NOUN
ajeer-262	77	39	or	or	CCONJ
ajeer-262	77	40	the	the	DET
ajeer-262	77	41	punitive	punitive	ADJ
ajeer-262	77	42	cost	cost	NOUN
ajeer-262	77	43	of	of	ADP
ajeer-262	77	44	attracting	attract	VERB
ajeer-262	77	45	new	new	ADJ
ajeer-262	77	46	capital	capital	NOUN
ajeer-262	77	47	.	.	PUNCT
ajeer-262	78	1	a	a	DET
ajeer-262	78	2	similar	similar	ADJ
ajeer-262	78	3	argument	argument	NOUN
ajeer-262	78	4	can	can	AUX
ajeer-262	78	5	be	be	AUX
ajeer-262	78	6	deployed	deploy	VERB
ajeer-262	78	7	regarding	regard	VERB
ajeer-262	78	8	the	the	DET
ajeer-262	78	9	role	role	NOUN
ajeer-262	78	10	of	of	ADP
ajeer-262	78	11	insufficient	insufficient	ADJ
ajeer-262	78	12	bank	bank	NOUN
ajeer-262	78	13	liquidity	liquidity	NOUN
ajeer-262	78	14	in	in	ADP
ajeer-262	78	15	amplifying	amplify	VERB
ajeer-262	78	16	tight	tight	ADJ
ajeer-262	78	17	monetary	monetary	ADJ
ajeer-262	78	18	policy	policy	NOUN
ajeer-262	78	19	measures	measure	NOUN
ajeer-262	78	20	and	and	CCONJ
ajeer-262	78	21	other	other	ADJ
ajeer-262	78	22	negative	negative	ADJ
ajeer-262	78	23	shocks	shock	NOUN
ajeer-262	78	24	affecting	affect	VERB
ajeer-262	78	25	the	the	DET
ajeer-262	78	26	broader	broad	ADJ
ajeer-262	78	27	economy	economy	NOUN
ajeer-262	78	28	.	.	PUNCT
ajeer-262	79	1	as	as	SCONJ
ajeer-262	79	2	emphasized	emphasize	VERB
ajeer-262	79	3	byaguiar	byaguiar	NOUN
ajeer-262	79	4	and	and	CCONJ
ajeer-262	79	5	drumond	drumond	NOUN
ajeer-262	79	6	(	(	PUNCT
ajeer-262	79	7	2007	2007	NUM
ajeer-262	79	8	)	)	PUNCT
ajeer-262	79	9	the	the	DET
ajeer-262	79	10	discussion	discussion	NOUN
ajeer-262	79	11	on	on	ADP
ajeer-262	79	12	the	the	DET
ajeer-262	79	13	importance	importance	NOUN
ajeer-262	79	14	of	of	ADP
ajeer-262	79	15	bank	bank	NOUN
ajeer-262	79	16	equity	equity	NOUN
ajeer-262	79	17	in	in	ADP
ajeer-262	79	18	business	business	NOUN
ajeer-262	79	19	cycle	cycle	NOUN
ajeer-262	79	20	fluctuations	fluctuation	NOUN
ajeer-262	79	21	is	be	AUX
ajeer-262	79	22	relevant	relevant	ADJ
ajeer-262	79	23	in	in	ADP
ajeer-262	79	24	view	view	NOUN
ajeer-262	79	25	of	of	ADP
ajeer-262	79	26	the	the	DET
ajeer-262	79	27	implementation	implementation	NOUN
ajeer-262	79	28	of	of	ADP
ajeer-262	79	29	the	the	DET
ajeer-262	79	30	basel	basel	PROPN
ajeer-262	79	31	capital	capital	NOUN
ajeer-262	79	32	accords	accord	NOUN
ajeer-262	79	33	(	(	PUNCT
ajeer-262	79	34	the	the	DET
ajeer-262	79	35	first	first	ADJ
ajeer-262	79	36	in	in	ADP
ajeer-262	79	37	1988/1992	1988/1992	NUM
ajeer-262	79	38	,	,	PUNCT
ajeer-262	79	39	the	the	DET
ajeer-262	79	40	second	second	ADJ
ajeer-262	79	41	in	in	ADP
ajeer-262	79	42	2004	2004	NUM
ajeer-262	79	43	,	,	PUNCT
ajeer-262	79	44	and	and	CCONJ
ajeer-262	79	45	the	the	DET
ajeer-262	79	46	third	third	ADJ
ajeer-262	79	47	motivated	motivate	VERB
ajeer-262	79	48	by	by	ADP
ajeer-262	79	49	the	the	DET
ajeer-262	79	50	2007	2007	NUM
ajeer-262	79	51	financial	financial	ADJ
ajeer-262	79	52	crisis	crisis	NOUN
ajeer-262	79	53	and	and	CCONJ
ajeer-262	79	54	yet	yet	ADV
ajeer-262	79	55	to	to	PART
ajeer-262	79	56	be	be	AUX
ajeer-262	79	57	implemented	implement	VERB
ajeer-262	79	58	)	)	PUNCT
ajeer-262	79	59	.	.	PUNCT
ajeer-262	80	1	this	this	DET
ajeer-262	80	2	series	series	NOUN
ajeer-262	80	3	of	of	ADP
ajeer-262	80	4	international	international	ADJ
ajeer-262	80	5	standards	standard	NOUN
ajeer-262	80	6	establishes	establish	VERB
ajeer-262	80	7	the	the	DET
ajeer-262	80	8	basis	basis	NOUN
ajeer-262	80	9	for	for	ADP
ajeer-262	80	10	a	a	DET
ajeer-262	80	11	host	host	NOUN
ajeer-262	80	12	of	of	ADP
ajeer-262	80	13	central	central	ADJ
ajeer-262	80	14	banks	bank	NOUN
ajeer-262	80	15	and	and	CCONJ
ajeer-262	80	16	other	other	ADJ
ajeer-262	80	17	regulatory	regulatory	ADJ
ajeer-262	80	18	authorities	authority	NOUN
ajeer-262	80	19	to	to	PART
ajeer-262	80	20	make	make	VERB
ajeer-262	80	21	sure	sure	ADJ
ajeer-262	80	22	that	that	SCONJ
ajeer-262	80	23	commercial	commercial	ADJ
ajeer-262	80	24	banks	bank	NOUN
ajeer-262	80	25	have	have	VERB
ajeer-262	80	26	adequate	adequate	ADJ
ajeer-262	80	27	capital	capital	NOUN
ajeer-262	80	28	to	to	PART
ajeer-262	80	29	weather	weather	VERB
ajeer-262	80	30	individual	individual	ADJ
ajeer-262	80	31	and	and	CCONJ
ajeer-262	80	32	aggregate	aggregate	ADJ
ajeer-262	80	33	risks	risk	NOUN
ajeer-262	80	34	stemming	stem	VERB
ajeer-262	80	35	from	from	ADP
ajeer-262	80	36	within	within	ADP
ajeer-262	80	37	and	and	CCONJ
ajeer-262	80	38	outside	outside	ADP
ajeer-262	80	39	the	the	DET
ajeer-262	80	40	financial	financial	ADJ
ajeer-262	80	41	system	system	NOUN
ajeer-262	80	42	.	.	PUNCT
ajeer-262	81	1	by	by	ADP
ajeer-262	81	2	imposing	impose	VERB
ajeer-262	81	3	risk	risk	NOUN
ajeer-262	81	4	and	and	CCONJ
ajeer-262	81	5	capital	capital	NOUN
ajeer-262	81	6	measurement	measurement	NOUN
ajeer-262	81	7	and	and	CCONJ
ajeer-262	81	8	management	management	NOUN
ajeer-262	81	9	requirements	requirement	NOUN
ajeer-262	81	10	,	,	PUNCT
ajeer-262	81	11	such	such	ADJ
ajeer-262	81	12	standards	standard	NOUN
ajeer-262	81	13	can	can	AUX
ajeer-262	81	14	influence	influence	VERB
ajeer-262	81	15	bank	bank	NOUN
ajeer-262	81	16	credit	credit	NOUN
ajeer-262	81	17	offer	offer	NOUN
ajeer-262	81	18	and	and	CCONJ
ajeer-262	81	19	investment	investment	NOUN
ajeer-262	81	20	decisions	decision	NOUN
ajeer-262	81	21	:	:	PUNCT
ajeer-262	81	22	if	if	SCONJ
ajeer-262	81	23	a	a	DET
ajeer-262	81	24	bank	bank	NOUN
ajeer-262	81	25	finds	find	VERB
ajeer-262	81	26	itself	itself	PRON
ajeer-262	81	27	exposed	expose	VERB
ajeer-262	81	28	to	to	ADP
ajeer-262	81	29	large	large	ADJ
ajeer-262	81	30	outstanding	outstanding	ADJ
ajeer-262	81	31	risky	risky	ADJ
ajeer-262	81	32	loans	loan	NOUN
ajeer-262	81	33	,	,	PUNCT
ajeer-262	81	34	it	it	PRON
ajeer-262	81	35	will	will	AUX
ajeer-262	81	36	be	be	AUX
ajeer-262	81	37	required	require	VERB
ajeer-262	81	38	to	to	PART
ajeer-262	81	39	increase	increase	VERB
ajeer-262	81	40	its	its	PRON
ajeer-262	81	41	capital	capital	NOUN
ajeer-262	81	42	to	to	PART
ajeer-262	81	43	avoid	avoid	VERB
ajeer-262	81	44	total	total	ADJ
ajeer-262	81	45	collapse	collapse	NOUN
ajeer-262	81	46	,	,	PUNCT
ajeer-262	81	47	and	and	CCONJ
ajeer-262	81	48	this	this	PRON
ajeer-262	81	49	should	should	AUX
ajeer-262	81	50	reduce	reduce	VERB
ajeer-262	81	51	lending	lending	NOUN
ajeer-262	81	52	to	to	ADP
ajeer-262	81	53	the	the	DET
ajeer-262	81	54	wider	wide	ADJ
ajeer-262	81	55	economy	economy	NOUN
ajeer-262	81	56	.	.	PUNCT
ajeer-262	82	1	the	the	DET
ajeer-262	82	2	cost	cost	NOUN
ajeer-262	82	3	of	of	ADP
ajeer-262	82	4	bank	bank	NOUN
ajeer-262	82	5	capital	capital	NOUN
ajeer-262	82	6	can	can	AUX
ajeer-262	82	7	be	be	AUX
ajeer-262	82	8	an	an	DET
ajeer-262	82	9	important	important	ADJ
ajeer-262	82	10	factor	factor	NOUN
ajeer-262	82	11	for	for	ADP
ajeer-262	82	12	the	the	DET
ajeer-262	82	13	smooth	smooth	ADJ
ajeer-262	82	14	operation	operation	NOUN
ajeer-262	82	15	of	of	ADP
ajeer-262	82	16	credit	credit	NOUN
ajeer-262	82	17	providers	provider	NOUN
ajeer-262	82	18	.	.	PUNCT
ajeer-262	83	1	markovic	markovic	PROPN
ajeer-262	83	2	(	(	PUNCT
ajeer-262	83	3	2006	2006	NUM
ajeer-262	83	4	)	)	PUNCT
ajeer-262	83	5	identifies	identify	VERB
ajeer-262	83	6	three	three	NUM
ajeer-262	83	7	key	key	ADJ
ajeer-262	83	8	bank	bank	NOUN
ajeer-262	83	9	capital	capital	NOUN
ajeer-262	83	10	channels	channel	NOUN
ajeer-262	83	11	that	that	PRON
ajeer-262	83	12	cause	cause	VERB
ajeer-262	83	13	a	a	DET
ajeer-262	83	14	variation	variation	NOUN
ajeer-262	83	15	in	in	ADP
ajeer-262	83	16	the	the	DET
ajeer-262	83	17	expected	expect	VERB
ajeer-262	83	18	return	return	NOUN
ajeer-262	83	19	and	and	CCONJ
ajeer-262	83	20	thus	thus	ADV
ajeer-262	83	21	a	a	DET
ajeer-262	83	22	variation	variation	NOUN
ajeer-262	83	23	in	in	ADP
ajeer-262	83	24	the	the	DET
ajeer-262	83	25	cost	cost	NOUN
ajeer-262	83	26	of	of	ADP
ajeer-262	83	27	bank	bank	NOUN
ajeer-262	83	28	capital	capital	NOUN
ajeer-262	83	29	:	:	PUNCT
ajeer-262	83	30	1	1	X
ajeer-262	83	31	)	)	PUNCT
ajeer-262	83	32	the	the	DET
ajeer-262	83	33	default	default	NOUN
ajeer-262	83	34	risk	risk	NOUN
ajeer-262	83	35	channel	channel	NOUN
ajeer-262	83	36	due	due	ADP
ajeer-262	83	37	to	to	ADP
ajeer-262	83	38	the	the	DET
ajeer-262	83	39	possibility	possibility	NOUN
ajeer-262	83	40	of	of	ADP
ajeer-262	83	41	banks	bank	NOUN
ajeer-262	83	42	defaulting	default	VERB
ajeer-262	83	43	on	on	ADP
ajeer-262	83	44	their	their	PRON
ajeer-262	83	45	capital	capital	NOUN
ajeer-262	83	46	.	.	PUNCT
ajeer-262	84	1	this	this	DET
ajeer-262	84	2	channel	channel	NOUN
ajeer-262	84	3	is	be	AUX
ajeer-262	84	4	active	active	ADJ
ajeer-262	84	5	in	in	ADP
ajeer-262	84	6	equilibrium	equilibrium	NOUN
ajeer-262	84	7	and	and	CCONJ
ajeer-262	84	8	its	its	PRON
ajeer-262	84	9	strength	strength	NOUN
ajeer-262	84	10	is	be	AUX
ajeer-262	84	11	,	,	PUNCT
ajeer-262	84	12	in	in	ADP
ajeer-262	84	13	turn	turn	NOUN
ajeer-262	84	14	,	,	PUNCT
ajeer-262	84	15	a	a	DET
ajeer-262	84	16	function	function	NOUN
ajeer-262	84	17	of	of	ADP
ajeer-262	84	18	firms	firm	NOUN
ajeer-262	84	19	defaulting	default	VERB
ajeer-262	84	20	on	on	ADP
ajeer-262	84	21	bank	bank	NOUN
ajeer-262	84	22	loans	loan	NOUN
ajeer-262	84	23	2	2	NUM
ajeer-262	84	24	)	)	PUNCT
ajeer-262	84	25	the	the	DET
ajeer-262	84	26	adjustment	adjustment	NOUN
ajeer-262	84	27	cost	cost	NOUN
ajeer-262	84	28	channel	channel	NOUN
ajeer-262	84	29	which	which	PRON
ajeer-262	84	30	rests	rest	VERB
ajeer-262	84	31	on	on	ADP
ajeer-262	84	32	the	the	DET
ajeer-262	84	33	existence	existence	NOUN
ajeer-262	84	34	of	of	ADP
ajeer-262	84	35	information	information	NOUN
ajeer-262	84	36	asymmetry	asymmetry	NOUN
ajeer-262	84	37	between	between	ADP
ajeer-262	84	38	depository	depository	NOUN
ajeer-262	84	39	institutions	institution	NOUN
ajeer-262	84	40	/	/	SYM
ajeer-262	84	41	banks	bank	NOUN
ajeer-262	84	42	and	and	CCONJ
ajeer-262	84	43	their	their	PRON
ajeer-262	84	44	investors	investor	NOUN
ajeer-262	84	45	/	/	SYM
ajeer-262	84	46	shareholders	shareholder	NOUN
ajeer-262	84	47	,	,	PUNCT
ajeer-262	84	48	and	and	CCONJ
ajeer-262	84	49	the	the	DET
ajeer-262	84	50	associated	associated	ADJ
ajeer-262	84	51	monetary	monetary	ADJ
ajeer-262	84	52	cost	cost	NOUN
ajeer-262	84	53	necessary	necessary	ADJ
ajeer-262	84	54	to	to	PART
ajeer-262	84	55	minimize	minimize	VERB
ajeer-262	84	56	this	this	DET
ajeer-262	84	57	asymmetry	asymmetry	NOUN
ajeer-262	84	58	.	.	PUNCT
ajeer-262	85	1	if	if	SCONJ
ajeer-262	85	2	this	this	DET
ajeer-262	85	3	channel	channel	NOUN
ajeer-262	85	4	is	be	AUX
ajeer-262	85	5	real	real	ADJ
ajeer-262	85	6	,	,	PUNCT
ajeer-262	85	7	raising	raise	VERB
ajeer-262	85	8	fresh	fresh	ADJ
ajeer-262	85	9	capital	capital	NOUN
ajeer-262	85	10	is	be	AUX
ajeer-262	85	11	costly	costly	ADJ
ajeer-262	85	12	,	,	PUNCT
ajeer-262	85	13	as	as	SCONJ
ajeer-262	85	14	this	this	PRON
ajeer-262	85	15	would	would	AUX
ajeer-262	85	16	send	send	VERB
ajeer-262	85	17	a	a	DET
ajeer-262	85	18	bad	bad	ADJ
ajeer-262	85	19	signal	signal	NOUN
ajeer-262	85	20	to	to	ADP
ajeer-262	85	21	potential	potential	ADJ
ajeer-262	85	22	investors	investor	NOUN
ajeer-262	85	23	about	about	ADP
ajeer-262	85	24	the	the	DET
ajeer-262	85	25	financial	financial	ADJ
ajeer-262	85	26	conditions	condition	NOUN
ajeer-262	85	27	of	of	ADP
ajeer-262	85	28	the	the	DET
ajeer-262	85	29	target	target	NOUN
ajeer-262	85	30	bank	bank	NOUN
ajeer-262	85	31	.	.	PUNCT
ajeer-262	86	1	as	as	ADP
ajeer-262	86	2	a	a	DET
ajeer-262	86	3	result	result	NOUN
ajeer-262	86	4	,	,	PUNCT
ajeer-262	86	5	prospective	prospective	ADJ
ajeer-262	86	6	investors	investor	NOUN
ajeer-262	86	7	would	would	AUX
ajeer-262	86	8	buy	buy	VERB
ajeer-262	86	9	bank	bank	NOUN
ajeer-262	86	10	shares	share	NOUN
ajeer-262	86	11	only	only	ADV
ajeer-262	86	12	after	after	ADP
ajeer-262	86	13	incurring	incur	VERB
ajeer-262	86	14	search	search	NOUN
ajeer-262	86	15	costs	cost	NOUN
ajeer-262	86	16	(	(	PUNCT
ajeer-262	86	17	costs	cost	NOUN
ajeer-262	86	18	involved	involve	VERB
ajeer-262	86	19	in	in	ADP
ajeer-262	86	20	checking	check	VERB
ajeer-262	86	21	the	the	DET
ajeer-262	86	22	health	health	NOUN
ajeer-262	86	23	of	of	ADP
ajeer-262	86	24	specific	specific	ADJ
ajeer-262	86	25	banks	bank	NOUN
ajeer-262	86	26	)	)	PUNCT
ajeer-262	86	27	3	3	NUM
ajeer-262	86	28	)	)	PUNCT
ajeer-262	86	29	the	the	DET
ajeer-262	86	30	capital	capital	NOUN
ajeer-262	86	31	/	/	SYM
ajeer-262	86	32	equity	equity	NOUN
ajeer-262	86	33	loss	loss	NOUN
ajeer-262	86	34	channel	channel	NOUN
ajeer-262	86	35	works	work	VERB
ajeer-262	86	36	via	via	ADP
ajeer-262	86	37	existing	exist	VERB
ajeer-262	86	38	shareholders	shareholder	NOUN
ajeer-262	86	39	‘	‘	PART
ajeer-262	86	40	expectation	expectation	NOUN
ajeer-262	86	41	of	of	ADP
ajeer-262	86	42	future	future	ADJ
ajeer-262	86	43	bank	bank	NOUN
ajeer-262	86	44	losses	loss	NOUN
ajeer-262	86	45	.	.	PUNCT
ajeer-262	87	1	during	during	ADP
ajeer-262	87	2	recession	recession	NOUN
ajeer-262	87	3	,	,	PUNCT
ajeer-262	87	4	shareholders	shareholder	NOUN
ajeer-262	87	5	anticipate	anticipate	VERB
ajeer-262	87	6	that	that	SCONJ
ajeer-262	87	7	in	in	ADP
ajeer-262	87	8	the	the	DET
ajeer-262	87	9	future	future	NOUN
ajeer-262	87	10	there	there	PRON
ajeer-262	87	11	will	will	AUX
ajeer-262	87	12	be	be	AUX
ajeer-262	87	13	a	a	DET
ajeer-262	87	14	decline	decline	NOUN
ajeer-262	87	15	in	in	ADP
ajeer-262	87	16	the	the	DET
ajeer-262	87	17	value	value	NOUN
ajeer-262	87	18	of	of	ADP
ajeer-262	87	19	their	their	PRON
ajeer-262	87	20	bank	bank	NOUN
ajeer-262	87	21	capital	capital	NOUN
ajeer-262	87	22	.	.	PUNCT
ajeer-262	88	1	thus	thus	ADV
ajeer-262	88	2	,	,	PUNCT
ajeer-262	88	3	the	the	PRON
ajeer-262	88	4	higher	high	ADJ
ajeer-262	88	5	the	the	DET
ajeer-262	88	6	expected	expect	VERB
ajeer-262	88	7	erosion	erosion	NOUN
ajeer-262	88	8	in	in	ADP
ajeer-262	88	9	bank	bank	NOUN
ajeer-262	88	10	equity	equity	NOUN
ajeer-262	88	11	,	,	PUNCT
ajeer-262	88	12	the	the	PRON
ajeer-262	88	13	stronger	strong	ADJ
ajeer-262	88	14	the	the	DET
ajeer-262	88	15	capital	capital	NOUN
ajeer-262	88	16	loss	loss	NOUN
ajeer-262	88	17	channel	channel	NOUN
ajeer-262	88	18	will	will	AUX
ajeer-262	88	19	be	be	AUX
ajeer-262	88	20	.	.	PUNCT
ajeer-262	89	1	on	on	ADP
ajeer-262	89	2	the	the	DET
ajeer-262	89	3	empirical	empirical	ADJ
ajeer-262	89	4	front	front	NOUN
ajeer-262	89	5	,	,	PUNCT
ajeer-262	89	6	there	there	PRON
ajeer-262	89	7	have	have	AUX
ajeer-262	89	8	been	be	AUX
ajeer-262	89	9	numerous	numerous	ADJ
ajeer-262	89	10	studies	study	NOUN
ajeer-262	89	11	accentuating	accentuate	VERB
ajeer-262	89	12	the	the	DET
ajeer-262	89	13	significant	significant	ADJ
ajeer-262	89	14	role	role	NOUN
ajeer-262	89	15	of	of	ADP
ajeer-262	89	16	the	the	DET
ajeer-262	89	17	financial	financial	ADJ
ajeer-262	89	18	sector	sector	NOUN
ajeer-262	89	19	in	in	ADP
ajeer-262	89	20	intensifying	intensify	VERB
ajeer-262	89	21	and	and	CCONJ
ajeer-262	89	22	propagating	propagate	VERB
ajeer-262	89	23	the	the	DET
ajeer-262	89	24	effects	effect	NOUN
ajeer-262	89	25	of	of	ADP
ajeer-262	89	26	adverse	adverse	ADJ
ajeer-262	89	27	shocks	shock	NOUN
ajeer-262	89	28	affecting	affect	VERB
ajeer-262	89	29	the	the	DET
ajeer-262	89	30	economy	economy	NOUN
ajeer-262	89	31	.	.	PUNCT
ajeer-262	90	1	fukunaga	fukunaga	NOUN
ajeer-262	90	2	(	(	PUNCT
ajeer-262	90	3	2002	2002	NUM
ajeer-262	90	4	)	)	PUNCT
ajeer-262	90	5	built	build	VERB
ajeer-262	90	6	upon	upon	SCONJ
ajeer-262	90	7	the	the	DET
ajeer-262	90	8	bernanke	bernanke	PROPN
ajeer-262	90	9	et	et	PROPN
ajeer-262	90	10	al	al	PROPN
ajeer-262	90	11	.	.	PUNCT
ajeer-262	91	1	(	(	PUNCT
ajeer-262	91	2	1999	1999	NUM
ajeer-262	91	3	)	)	PUNCT
ajeer-262	91	4	framework	framework	NOUN
ajeer-262	91	5	to	to	PART
ajeer-262	91	6	develop	develop	VERB
ajeer-262	91	7	a	a	DET
ajeer-262	91	8	dynamic	dynamic	ADJ
ajeer-262	91	9	general	general	ADJ
ajeer-262	91	10	equilibrium	equilibrium	NOUN
ajeer-262	91	11	model	model	NOUN
ajeer-262	91	12	calibrated	calibrate	VERB
ajeer-262	91	13	to	to	ADP
ajeer-262	91	14	the	the	DET
ajeer-262	91	15	japanese	japanese	ADJ
ajeer-262	91	16	economy	economy	NOUN
ajeer-262	91	17	.	.	PUNCT
ajeer-262	92	1	the	the	DET
ajeer-262	92	2	model	model	NOUN
ajeer-262	92	3	features	feature	VERB
ajeer-262	92	4	a	a	DET
ajeer-262	92	5	micro	micro	ADJ
ajeer-262	92	6	-	-	ADJ
ajeer-262	92	7	financial	financial	ADJ
ajeer-262	92	8	contractual	contractual	ADJ
ajeer-262	92	9	problem	problem	NOUN
ajeer-262	92	10	involving	involve	VERB
ajeer-262	92	11	companies	company	NOUN
ajeer-262	92	12	/	/	SYM
ajeer-262	92	13	borrowers	borrower	NOUN
ajeer-262	92	14	and	and	CCONJ
ajeer-262	92	15	financial	financial	ADJ
ajeer-262	92	16	intermediaries	intermediary	NOUN
ajeer-262	92	17	/	/	SYM
ajeer-262	92	18	banks	bank	NOUN
ajeer-262	92	19	.	.	PUNCT
ajeer-262	93	1	retailers	retailer	NOUN
ajeer-262	93	2	are	be	AUX
ajeer-262	93	3	included	include	VERB
ajeer-262	93	4	to	to	PART
ajeer-262	93	5	introduce	introduce	VERB
ajeer-262	93	6	inertia	inertia	NOUN
ajeer-262	93	7	in	in	ADP
ajeer-262	93	8	the	the	DET
ajeer-262	93	9	price	price	NOUN
ajeer-262	93	10	setting	setting	NOUN
ajeer-262	93	11	process	process	NOUN
ajeer-262	93	12	with	with	ADP
ajeer-262	93	13	the	the	DET
ajeer-262	93	14	objective	objective	NOUN
ajeer-262	93	15	of	of	ADP
ajeer-262	93	16	providing	provide	VERB
ajeer-262	93	17	room	room	NOUN
ajeer-262	93	18	for	for	ADP
ajeer-262	93	19	monetary	monetary	ADJ
ajeer-262	93	20	non	non	ADJ
ajeer-262	93	21	-	-	NOUN
ajeer-262	93	22	neutrality	neutrality	NOUN
ajeer-262	93	23	in	in	ADP
ajeer-262	93	24	the	the	DET
ajeer-262	93	25	short	short	ADJ
ajeer-262	93	26	run	run	NOUN
ajeer-262	93	27	.	.	PUNCT
ajeer-262	94	1	moreover	moreover	ADV
ajeer-262	94	2	,	,	PUNCT
ajeer-262	94	3	capital	capital	NOUN
ajeer-262	94	4	producers	producer	NOUN
ajeer-262	94	5	and	and	CCONJ
ajeer-262	94	6	government	government	NOUN
ajeer-262	94	7	(	(	PUNCT
ajeer-262	94	8	fiscal	fiscal	ADJ
ajeer-262	94	9	and	and	CCONJ
ajeer-262	94	10	monetary	monetary	ADJ
ajeer-262	94	11	sectors	sector	NOUN
ajeer-262	94	12	)	)	PUNCT
ajeer-262	94	13	are	be	AUX
ajeer-262	94	14	included	include	VERB
ajeer-262	94	15	.	.	PUNCT
ajeer-262	95	1	in	in	ADP
ajeer-262	95	2	this	this	DET
ajeer-262	95	3	decentralized	decentralize	VERB
ajeer-262	95	4	,	,	PUNCT
ajeer-262	95	5	rational	rational	ADJ
ajeer-262	95	6	-	-	PUNCT
ajeer-262	95	7	expectation	expectation	NOUN
ajeer-262	95	8	-	-	PUNCT
ajeer-262	95	9	equilibriummodel	equilibriummodel	NOUN
ajeer-262	95	10	economy	economy	NOUN
ajeer-262	95	11	,	,	PUNCT
ajeer-262	95	12	three	three	NUM
ajeer-262	95	13	sources	source	NOUN
ajeer-262	95	14	of	of	ADP
ajeer-262	95	15	unanticipated	unanticipated	ADJ
ajeer-262	95	16	shocks	shock	NOUN
ajeer-262	95	17	are	be	AUX
ajeer-262	95	18	considered	consider	VERB
ajeer-262	95	19	:	:	PUNCT
ajeer-262	95	20	technology	technology	NOUN
ajeer-262	95	21	(	(	PUNCT
ajeer-262	95	22	total	total	ADJ
ajeer-262	95	23	factor	factor	NOUN
ajeer-262	95	24	productivity	productivity	NOUN
ajeer-262	95	25	)	)	PUNCT
ajeer-262	95	26	,	,	PUNCT
ajeer-262	95	27	monetary	monetary	NOUN
ajeer-262	95	28	and	and	CCONJ
ajeer-262	95	29	demand	demand	NOUN
ajeer-262	95	30	(	(	PUNCT
ajeer-262	95	31	exogenous	exogenous	ADJ
ajeer-262	95	32	fiscal	fiscal	ADJ
ajeer-262	95	33	expenditure	expenditure	NOUN
ajeer-262	95	34	)	)	PUNCT
ajeer-262	95	35	.	.	PUNCT
ajeer-262	96	1	the	the	DET
ajeer-262	96	2	results	result	NOUN
ajeer-262	96	3	suggest	suggest	VERB
ajeer-262	96	4	,	,	PUNCT
ajeer-262	96	5	among	among	ADP
ajeer-262	96	6	other	other	ADJ
ajeer-262	96	7	things	thing	NOUN
ajeer-262	96	8	,	,	PUNCT
ajeer-262	96	9	that	that	PRON
ajeer-262	96	10	tight	tight	ADJ
ajeer-262	96	11	monetary	monetary	ADJ
ajeer-262	96	12	policy	policy	NOUN
ajeer-262	96	13	stance	stance	NOUN
ajeer-262	96	14	(	(	PUNCT
ajeer-262	96	15	negative	negative	ADJ
ajeer-262	96	16	shock	shock	NOUN
ajeer-262	96	17	)	)	PUNCT
ajeer-262	96	18	is	be	AUX
ajeer-262	96	19	followed	follow	VERB
ajeer-262	96	20	by	by	ADP
ajeer-262	96	21	a	a	DET
ajeer-262	96	22	decline	decline	NOUN
ajeer-262	96	23	in	in	ADP
ajeer-262	96	24	corporate	corporate	ADJ
ajeer-262	96	25	investment	investment	NOUN
ajeer-262	96	26	,	,	PUNCT
ajeer-262	96	27	net	net	ADJ
ajeer-262	96	28	worth	worth	NOUN
ajeer-262	96	29	,	,	PUNCT
ajeer-262	96	30	and	and	CCONJ
ajeer-262	96	31	demand	demand	NOUN
ajeer-262	96	32	for	for	ADP
ajeer-262	96	33	capital	capital	NOUN
ajeer-262	96	34	as	as	ADP
ajeer-262	96	35	a	a	DET
ajeer-262	96	36	result	result	NOUN
ajeer-262	96	37	of	of	ADP
ajeer-262	96	38	a	a	DET
ajeer-262	96	39	rise	rise	NOUN
ajeer-262	96	40	in	in	ADP
ajeer-262	96	41	the	the	DET
ajeer-262	96	42	external	external	ADJ
ajeer-262	96	43	financial	financial	ADJ
ajeer-262	96	44	risk	risk	NOUN
ajeer-262	96	45	premium	premium	NOUN
ajeer-262	96	46	.	.	PUNCT
ajeer-262	97	1	this	this	DET
ajeer-262	97	2	fall	fall	NOUN
ajeer-262	97	3	in	in	ADP
ajeer-262	97	4	investment	investment	NOUN
ajeer-262	97	5	is	be	AUX
ajeer-262	97	6	much	much	ADV
ajeer-262	97	7	deeper	deep	ADJ
ajeer-262	97	8	and	and	CCONJ
ajeer-262	97	9	more	more	ADV
ajeer-262	97	10	persistent	persistent	ADJ
ajeer-262	97	11	in	in	ADP
ajeer-262	97	12	the	the	DET
ajeer-262	97	13	model	model	NOUN
ajeer-262	97	14	with	with	ADP
ajeer-262	97	15	financial	financial	ADJ
ajeer-262	97	16	accelerator	accelerator	NOUN
ajeer-262	97	17	than	than	ADP
ajeer-262	97	18	the	the	DET
ajeer-262	97	19	one	one	NUM
ajeer-262	97	20	without	without	ADP
ajeer-262	97	21	credit	credit	NOUN
ajeer-262	97	22	market	market	NOUN
ajeer-262	97	23	frictions	friction	NOUN
ajeer-262	97	24	.	.	PUNCT
ajeer-262	98	1	in	in	ADP
ajeer-262	98	2	addition	addition	NOUN
ajeer-262	98	3	to	to	ADP
ajeer-262	98	4	the	the	DET
ajeer-262	98	5	net	net	ADJ
ajeer-262	98	6	worth	worth	ADJ
ajeer-262	98	7	channel	channel	NOUN
ajeer-262	98	8	,	,	PUNCT
ajeer-262	98	9	demand	demand	NOUN
ajeer-262	98	10	-	-	PUNCT
ajeer-262	98	11	side	side	NOUN
ajeer-262	98	12	financial	financial	ADJ
ajeer-262	98	13	imperfections	imperfection	NOUN
ajeer-262	98	14	have	have	AUX
ajeer-262	98	15	also	also	ADV
ajeer-262	98	16	been	be	AUX
ajeer-262	98	17	identified	identify	VERB
ajeer-262	98	18	to	to	PART
ajeer-262	98	19	originate	originate	VERB
ajeer-262	98	20	from	from	ADP
ajeer-262	98	21	collateral	collateral	ADJ
ajeer-262	98	22	constraints	constraint	NOUN
ajeer-262	98	23	.	.	PUNCT
ajeer-262	99	1	brzoza	brzoza	NOUN
ajeer-262	99	2	-	-	PUNCT
ajeer-262	99	3	brzezina	brzezina	NOUN
ajeer-262	99	4	et	et	PROPN
ajeer-262	99	5	al	al	PROPN
ajeer-262	99	6	.	.	PROPN
ajeer-262	100	1	(	(	PUNCT
ajeer-262	100	2	2010)8	2010)8	PROPN
ajeer-262	100	3	compare	compare	VERB
ajeer-262	100	4	the	the	DET
ajeer-262	100	5	relative	relative	ADJ
ajeer-262	100	6	significance	significance	NOUN
ajeer-262	100	7	of	of	ADP
ajeer-262	100	8	the	the	DET
ajeer-262	100	9	two	two	NUM
ajeer-262	100	10	channels	channel	NOUN
ajeer-262	100	11	in	in	ADP
ajeer-262	100	12	6throughout	6throughout	NUM
ajeer-262	100	13	the	the	DET
ajeer-262	100	14	discourse	discourse	NOUN
ajeer-262	100	15	,	,	PUNCT
ajeer-262	100	16	i	i	PRON
ajeer-262	100	17	use	use	VERB
ajeer-262	100	18	net	net	ADJ
ajeer-262	100	19	worth	worth	NOUN
ajeer-262	100	20	,	,	PUNCT
ajeer-262	100	21	equity	equity	NOUN
ajeer-262	100	22	and	and	CCONJ
ajeer-262	100	23	capital	capital	NOUN
ajeer-262	100	24	interchangably	interchangably	ADV
ajeer-262	100	25	both	both	CCONJ
ajeer-262	100	26	in	in	ADP
ajeer-262	100	27	the	the	DET
ajeer-262	100	28	context	context	NOUN
ajeer-262	100	29	of	of	ADP
ajeer-262	100	30	bank	bank	NOUN
ajeer-262	100	31	and	and	CCONJ
ajeer-262	100	32	business	business	NOUN
ajeer-262	100	33	balance	balance	NOUN
ajeer-262	100	34	sheets	sheet	NOUN
ajeer-262	100	35	.	.	PUNCT
ajeer-262	101	1	7	7	NUM
ajeer-262	101	2	this	this	DET
ajeer-262	101	3	agency	agency	NOUN
ajeer-262	101	4	problem	problem	NOUN
ajeer-262	101	5	has	have	VERB
ajeer-262	101	6	two	two	NUM
ajeer-262	101	7	dimensions	dimension	NOUN
ajeer-262	101	8	:	:	PUNCT
ajeer-262	101	9	moral	moral	ADJ
ajeer-262	101	10	hazard	hazard	NOUN
ajeer-262	101	11	(	(	PUNCT
ajeer-262	101	12	when	when	SCONJ
ajeer-262	101	13	one	one	NUM
ajeer-262	101	14	agent	agent	NOUN
ajeer-262	101	15	--	--	PUNCT
ajeer-262	101	16	the	the	DET
ajeer-262	101	17	bank	bank	NOUN
ajeer-262	101	18	--	--	PUNCT
ajeer-262	101	19	cannot	cannot	VERB
ajeer-262	101	20	without	without	ADP
ajeer-262	101	21	cost	cost	NOUN
ajeer-262	101	22	verify	verify	VERB
ajeer-262	101	23	the	the	DET
ajeer-262	101	24	intention	intention	NOUN
ajeer-262	101	25	,	,	PUNCT
ajeer-262	101	26	activity	activity	NOUN
ajeer-262	101	27	or	or	CCONJ
ajeer-262	101	28	action	action	NOUN
ajeer-262	101	29	of	of	ADP
ajeer-262	101	30	another	another	DET
ajeer-262	101	31	agent	agent	NOUN
ajeer-262	101	32	--	--	PUNCT
ajeer-262	101	33	the	the	DET
ajeer-262	101	34	borrower	borrower	NOUN
ajeer-262	101	35	)	)	PUNCT
ajeer-262	101	36	and	and	CCONJ
ajeer-262	101	37	adverse	adverse	ADJ
ajeer-262	101	38	selection	selection	NOUN
ajeer-262	101	39	(	(	PUNCT
ajeer-262	101	40	when	when	SCONJ
ajeer-262	101	41	one	one	NUM
ajeer-262	101	42	agent	agent	NOUN
ajeer-262	101	43	has	have	VERB
ajeer-262	101	44	access	access	NOUN
ajeer-262	101	45	to	to	ADP
ajeer-262	101	46	private	private	ADJ
ajeer-262	101	47	information	information	NOUN
ajeer-262	101	48	)	)	PUNCT
ajeer-262	101	49	.	.	PUNCT
ajeer-262	102	1	8	8	NUM
ajeer-262	102	2	they	they	PRON
ajeer-262	102	3	also	also	ADV
ajeer-262	102	4	introduce	introduce	VERB
ajeer-262	102	5	a	a	DET
ajeer-262	102	6	banking	banking	NOUN
ajeer-262	102	7	sector	sector	NOUN
ajeer-262	102	8	in	in	ADP
ajeer-262	102	9	both	both	DET
ajeer-262	102	10	versions	version	NOUN
ajeer-262	102	11	of	of	ADP
ajeer-262	102	12	frictions	friction	NOUN
ajeer-262	102	13	even	even	ADV
ajeer-262	102	14	though	though	SCONJ
ajeer-262	102	15	analyzing	analyze	VERB
ajeer-262	102	16	the	the	DET
ajeer-262	102	17	impact	impact	NOUN
ajeer-262	102	18	of	of	ADP
ajeer-262	102	19	shocks	shock	NOUN
ajeer-262	102	20	emanating	emanate	VERB
ajeer-262	102	21	from	from	ADP
ajeer-262	102	22	the	the	DET
ajeer-262	102	23	banking	banking	NOUN
ajeer-262	102	24	system	system	NOUN
ajeer-262	102	25	is	be	AUX
ajeer-262	102	26	not	not	PART
ajeer-262	102	27	their	their	PRON
ajeer-262	102	28	main	main	ADJ
ajeer-262	102	29	objective	objective	NOUN
ajeer-262	102	30	.	.	PUNCT
ajeer-262	103	1	asian	asian	ADJ
ajeer-262	103	2	journal	journal	PROPN
ajeer-262	103	3	of	of	ADP
ajeer-262	103	4	economics	economic	NOUN
ajeer-262	103	5	and	and	CCONJ
ajeer-262	103	6	empirical	empirical	ADJ
ajeer-262	103	7	research	research	NOUN
ajeer-262	103	8	,	,	PUNCT
ajeer-262	103	9	2019	2019	NUM
ajeer-262	103	10	,	,	PUNCT
ajeer-262	103	11	6(1	6(1	NUM
ajeer-262	103	12	):	):	PUNCT
ajeer-262	103	13	16	16	NUM
ajeer-262	103	14	-	-	SYM
ajeer-262	103	15	26	26	NUM
ajeer-262	103	16	19	19	NUM
ajeer-262	103	17	©	©	PROPN
ajeer-262	103	18	2019	2019	NUM
ajeer-262	103	19	by	by	ADP
ajeer-262	103	20	the	the	DET
ajeer-262	103	21	authors	author	NOUN
ajeer-262	103	22	;	;	PUNCT
ajeer-262	103	23	licensee	licensee	PROPN
ajeer-262	103	24	asian	asian	ADJ
ajeer-262	103	25	online	online	PROPN
ajeer-262	103	26	journal	journal	PROPN
ajeer-262	103	27	publishing	publishing	NOUN
ajeer-262	103	28	group	group	NOUN
ajeer-262	103	29	an	an	DET
ajeer-262	103	30	extended	extended	ADJ
ajeer-262	103	31	medium	medium	ADJ
ajeer-262	103	32	scale	scale	NOUN
ajeer-262	103	33	new	new	ADJ
ajeer-262	103	34	keynesian	keynesian	ADJ
ajeer-262	103	35	model	model	NOUN
ajeer-262	103	36	calibrated	calibrate	VERB
ajeer-262	103	37	to	to	ADP
ajeer-262	103	38	the	the	DET
ajeer-262	103	39	polish	polish	ADJ
ajeer-262	103	40	economy	economy	NOUN
ajeer-262	103	41	.	.	PUNCT
ajeer-262	104	1	they	they	PRON
ajeer-262	104	2	compare	compare	VERB
ajeer-262	104	3	the	the	DET
ajeer-262	104	4	collateral	collateral	ADJ
ajeer-262	104	5	constraint	constraint	NOUN
ajeer-262	104	6	framework	framework	NOUN
ajeer-262	104	7	of	of	ADP
ajeer-262	104	8	kiyotaki	kiyotaki	NOUN
ajeer-262	104	9	and	and	CCONJ
ajeer-262	104	10	moore	moore	PROPN
ajeer-262	104	11	(	(	PUNCT
ajeer-262	104	12	1997	1997	NUM
ajeer-262	104	13	)	)	PUNCT
ajeer-262	104	14	with	with	ADP
ajeer-262	104	15	the	the	DET
ajeer-262	104	16	external	external	ADJ
ajeer-262	104	17	finance	finance	NOUN
ajeer-262	104	18	premium	premium	NOUN
ajeer-262	104	19	setup	setup	NOUN
ajeer-262	104	20	of	of	ADP
ajeer-262	104	21	carlstrom	carlstrom	NOUN
ajeer-262	104	22	and	and	CCONJ
ajeer-262	104	23	fuerst	fuerst	PROPN
ajeer-262	104	24	(	(	PUNCT
ajeer-262	104	25	1997	1997	NUM
ajeer-262	104	26	)	)	PUNCT
ajeer-262	104	27	and	and	CCONJ
ajeer-262	104	28	bernanke	bernanke	VERB
ajeer-262	104	29	et	et	PROPN
ajeer-262	104	30	al	al	PROPN
ajeer-262	104	31	.	.	PUNCT
ajeer-262	105	1	(	(	PUNCT
ajeer-262	105	2	1999	1999	NUM
ajeer-262	105	3	)	)	PUNCT
ajeer-262	105	4	.	.	PUNCT
ajeer-262	106	1	they	they	PRON
ajeer-262	106	2	rely	rely	VERB
ajeer-262	106	3	on	on	ADP
ajeer-262	106	4	business	business	NOUN
ajeer-262	106	5	cycle	cycle	NOUN
ajeer-262	106	6	accounting	accounting	NOUN
ajeer-262	106	7	,	,	PUNCT
ajeer-262	106	8	moment	moment	NOUN
ajeer-262	106	9	matching	matching	NOUN
ajeer-262	106	10	,	,	PUNCT
ajeer-262	106	11	and	and	CCONJ
ajeer-262	106	12	impulse	impulse	ADJ
ajeer-262	106	13	response	response	NOUN
ajeer-262	106	14	analyses	analyse	VERB
ajeer-262	106	15	to	to	PART
ajeer-262	106	16	see	see	VERB
ajeer-262	106	17	the	the	DET
ajeer-262	106	18	qualitative	qualitative	ADJ
ajeer-262	106	19	and	and	CCONJ
ajeer-262	106	20	quantitative	quantitative	ADJ
ajeer-262	106	21	performance	performance	NOUN
ajeer-262	106	22	of	of	ADP
ajeer-262	106	23	the	the	DET
ajeer-262	106	24	two	two	NUM
ajeer-262	106	25	models	model	NOUN
ajeer-262	106	26	.	.	PUNCT
ajeer-262	107	1	their	their	PRON
ajeer-262	107	2	results	result	NOUN
ajeer-262	107	3	indicate	indicate	VERB
ajeer-262	107	4	that	that	SCONJ
ajeer-262	107	5	both	both	DET
ajeer-262	107	6	models	model	NOUN
ajeer-262	107	7	with	with	ADP
ajeer-262	107	8	financial	financial	ADJ
ajeer-262	107	9	frictions	friction	NOUN
ajeer-262	107	10	add	add	VERB
ajeer-262	107	11	volatility	volatility	NOUN
ajeer-262	107	12	to	to	ADP
ajeer-262	107	13	the	the	DET
ajeer-262	107	14	baseline	baseline	ADJ
ajeer-262	107	15	new	new	ADJ
ajeer-262	107	16	keynesian	keynesian	ADJ
ajeer-262	107	17	framework	framework	NOUN
ajeer-262	107	18	,	,	PUNCT
ajeer-262	107	19	with	with	ADP
ajeer-262	107	20	the	the	DET
ajeer-262	107	21	external	external	ADJ
ajeer-262	107	22	finance	finance	NOUN
ajeer-262	107	23	premium	premium	NOUN
ajeer-262	107	24	showing	show	VERB
ajeer-262	107	25	significantly	significantly	ADV
ajeer-262	107	26	stronger	strong	ADJ
ajeer-262	107	27	internal	internal	ADJ
ajeer-262	107	28	propagation	propagation	NOUN
ajeer-262	107	29	mechanism	mechanism	NOUN
ajeer-262	107	30	than	than	ADP
ajeer-262	107	31	its	its	PRON
ajeer-262	107	32	collateral	collateral	ADJ
ajeer-262	107	33	constraint	constraint	NOUN
ajeer-262	107	34	counterpart	counterpart	NOUN
ajeer-262	107	35	.	.	PUNCT
ajeer-262	108	1	in	in	ADP
ajeer-262	108	2	terms	term	NOUN
ajeer-262	108	3	of	of	ADP
ajeer-262	108	4	business	business	NOUN
ajeer-262	108	5	cycle	cycle	NOUN
ajeer-262	108	6	accounting	accounting	NOUN
ajeer-262	108	7	,	,	PUNCT
ajeer-262	108	8	they	they	PRON
ajeer-262	108	9	find	find	VERB
ajeer-262	108	10	superior	superior	ADJ
ajeer-262	108	11	performance	performance	NOUN
ajeer-262	108	12	of	of	ADP
ajeer-262	108	13	the	the	DET
ajeer-262	108	14	models	model	NOUN
ajeer-262	108	15	with	with	ADP
ajeer-262	108	16	financial	financial	ADJ
ajeer-262	108	17	frictions	friction	NOUN
ajeer-262	108	18	to	to	ADP
ajeer-262	108	19	the	the	DET
ajeer-262	108	20	baseline	baseline	PROPN
ajeer-262	108	21	specification	specification	NOUN
ajeer-262	108	22	,	,	PUNCT
ajeer-262	108	23	with	with	ADP
ajeer-262	108	24	the	the	DET
ajeer-262	108	25	model	model	NOUN
ajeer-262	108	26	under	under	ADP
ajeer-262	108	27	collateral	collateral	ADJ
ajeer-262	108	28	constraint	constraint	NOUN
ajeer-262	108	29	offering	offer	VERB
ajeer-262	108	30	moments	moment	NOUN
ajeer-262	108	31	closely	closely	ADV
ajeer-262	108	32	resembling	resemble	VERB
ajeer-262	108	33	those	those	PRON
ajeer-262	108	34	filtered	filter	VERB
ajeer-262	108	35	from	from	ADP
ajeer-262	108	36	actual	actual	ADJ
ajeer-262	108	37	data	datum	NOUN
ajeer-262	108	38	.	.	PUNCT
ajeer-262	109	1	recently	recently	ADV
ajeer-262	109	2	,	,	PUNCT
ajeer-262	109	3	there	there	PRON
ajeer-262	109	4	have	have	AUX
ajeer-262	109	5	been	be	AUX
ajeer-262	109	6	growing	grow	VERB
ajeer-262	109	7	tendencies	tendency	NOUN
ajeer-262	109	8	to	to	PART
ajeer-262	109	9	model	model	NOUN
ajeer-262	109	10	banking	banking	NOUN
ajeer-262	109	11	activity	activity	NOUN
ajeer-262	109	12	as	as	ADP
ajeer-262	109	13	a	a	DET
ajeer-262	109	14	potential	potential	ADJ
ajeer-262	109	15	source	source	NOUN
ajeer-262	109	16	of	of	ADP
ajeer-262	109	17	economic	economic	ADJ
ajeer-262	109	18	fluctuations	fluctuation	NOUN
ajeer-262	109	19	.	.	PUNCT
ajeer-262	110	1	for	for	ADP
ajeer-262	110	2	instance	instance	NOUN
ajeer-262	110	3	,	,	PUNCT
ajeer-262	110	4	meh	meh	PROPN
ajeer-262	110	5	and	and	CCONJ
ajeer-262	110	6	moran	moran	PROPN
ajeer-262	110	7	(	(	PUNCT
ajeer-262	110	8	2010	2010	NUM
ajeer-262	110	9	)	)	PUNCT
ajeer-262	110	10	using	use	VERB
ajeer-262	110	11	a	a	DET
ajeer-262	110	12	general	general	ADJ
ajeer-262	110	13	equilibrium	equilibrium	NOUN
ajeer-262	110	14	framework	framework	NOUN
ajeer-262	110	15	,	,	PUNCT
ajeer-262	110	16	show	show	VERB
ajeer-262	110	17	that	that	SCONJ
ajeer-262	110	18	bank	bank	NOUN
ajeer-262	110	19	capital	capital	NOUN
ajeer-262	110	20	can	can	AUX
ajeer-262	110	21	be	be	AUX
ajeer-262	110	22	an	an	DET
ajeer-262	110	23	important	important	ADJ
ajeer-262	110	24	channel	channel	NOUN
ajeer-262	110	25	for	for	ADP
ajeer-262	110	26	the	the	DET
ajeer-262	110	27	transmission	transmission	NOUN
ajeer-262	110	28	of	of	ADP
ajeer-262	110	29	shocks	shock	NOUN
ajeer-262	110	30	in	in	ADP
ajeer-262	110	31	view	view	NOUN
ajeer-262	110	32	of	of	ADP
ajeer-262	110	33	moral	moral	ADJ
ajeer-262	110	34	hazard	hazard	NOUN
ajeer-262	110	35	problems	problem	NOUN
ajeer-262	110	36	between	between	ADP
ajeer-262	110	37	banks	bank	NOUN
ajeer-262	110	38	and	and	CCONJ
ajeer-262	110	39	investors	investor	NOUN
ajeer-262	110	40	that	that	PRON
ajeer-262	110	41	provide	provide	VERB
ajeer-262	110	42	funds	fund	NOUN
ajeer-262	110	43	.	.	PUNCT
ajeer-262	111	1	other	other	ADJ
ajeer-262	111	2	works	work	NOUN
ajeer-262	111	3	emphasizing	emphasize	VERB
ajeer-262	111	4	the	the	DET
ajeer-262	111	5	role	role	NOUN
ajeer-262	111	6	of	of	ADP
ajeer-262	111	7	bank	bank	NOUN
ajeer-262	111	8	balance	balance	NOUN
ajeer-262	111	9	sheets	sheet	NOUN
ajeer-262	111	10	in	in	ADP
ajeer-262	111	11	intensifying	intensify	VERB
ajeer-262	111	12	and	and	CCONJ
ajeer-262	111	13	transmitting	transmit	VERB
ajeer-262	111	14	exogenous	exogenous	ADJ
ajeer-262	111	15	shocks	shock	NOUN
ajeer-262	111	16	include	include	VERB
ajeer-262	111	17	gertler	gertler	NOUN
ajeer-262	111	18	and	and	CCONJ
ajeer-262	111	19	karadi	karadi	NOUN
ajeer-262	111	20	(	(	PUNCT
ajeer-262	111	21	2011	2011	NUM
ajeer-262	111	22	)	)	PUNCT
ajeer-262	111	23	and	and	CCONJ
ajeer-262	111	24	hafstead	hafstead	ADV
ajeer-262	111	25	and	and	CCONJ
ajeer-262	111	26	smith	smith	PROPN
ajeer-262	111	27	(	(	PUNCT
ajeer-262	111	28	2012	2012	NUM
ajeer-262	111	29	)	)	PUNCT
ajeer-262	111	30	among	among	ADP
ajeer-262	111	31	others	other	NOUN
ajeer-262	111	32	.	.	PUNCT
ajeer-262	112	1	though	though	SCONJ
ajeer-262	112	2	much	much	ADJ
ajeer-262	112	3	of	of	ADP
ajeer-262	112	4	the	the	DET
ajeer-262	112	5	focus	focus	NOUN
ajeer-262	112	6	has	have	AUX
ajeer-262	112	7	been	be	AUX
ajeer-262	112	8	on	on	ADP
ajeer-262	112	9	bank	bank	NOUN
ajeer-262	112	10	equity	equity	NOUN
ajeer-262	112	11	,	,	PUNCT
ajeer-262	112	12	there	there	PRON
ajeer-262	112	13	have	have	AUX
ajeer-262	112	14	been	be	AUX
ajeer-262	112	15	efforts	effort	NOUN
ajeer-262	112	16	to	to	PART
ajeer-262	112	17	incorporate	incorporate	VERB
ajeer-262	112	18	the	the	DET
ajeer-262	112	19	importance	importance	NOUN
ajeer-262	112	20	of	of	ADP
ajeer-262	112	21	liquidity	liquidity	NOUN
ajeer-262	112	22	under	under	ADP
ajeer-262	112	23	a	a	DET
ajeer-262	112	24	general	general	ADJ
ajeer-262	112	25	equilibrium	equilibrium	NOUN
ajeer-262	112	26	framework	framework	NOUN
ajeer-262	112	27	.	.	PUNCT
ajeer-262	113	1	this	this	PRON
ajeer-262	113	2	might	might	AUX
ajeer-262	113	3	involve	involve	VERB
ajeer-262	113	4	assigning	assign	VERB
ajeer-262	113	5	roles	role	NOUN
ajeer-262	113	6	to	to	ADP
ajeer-262	113	7	interbank	interbank	NOUN
ajeer-262	113	8	markets	market	NOUN
ajeer-262	113	9	as	as	ADP
ajeer-262	113	10	in	in	ADP
ajeer-262	113	11	carrera	carrera	PROPN
ajeer-262	113	12	and	and	CCONJ
ajeer-262	113	13	vega	vega	PROPN
ajeer-262	113	14	(	(	PUNCT
ajeer-262	113	15	2012	2012	NUM
ajeer-262	113	16	)	)	PUNCT
ajeer-262	113	17	or	or	CCONJ
ajeer-262	113	18	studying	study	VERB
ajeer-262	113	19	the	the	DET
ajeer-262	113	20	impact	impact	NOUN
ajeer-262	113	21	of	of	ADP
ajeer-262	113	22	reserve	reserve	NOUN
ajeer-262	113	23	requirements	requirement	NOUN
ajeer-262	113	24	as	as	ADP
ajeer-262	113	25	in	in	ADP
ajeer-262	113	26	areosa	areosa	NOUN
ajeer-262	113	27	and	and	CCONJ
ajeer-262	113	28	coelho	coelho	NOUN
ajeer-262	113	29	(	(	PUNCT
ajeer-262	113	30	2013	2013	NUM
ajeer-262	113	31	)	)	PUNCT
ajeer-262	113	32	.	.	PUNCT
ajeer-262	114	1	the	the	DET
ajeer-262	114	2	vast	vast	ADJ
ajeer-262	114	3	majority	majority	NOUN
ajeer-262	114	4	of	of	ADP
ajeer-262	114	5	studies	study	NOUN
ajeer-262	114	6	on	on	ADP
ajeer-262	114	7	financial	financial	ADJ
ajeer-262	114	8	market	market	NOUN
ajeer-262	114	9	imperfections	imperfection	NOUN
ajeer-262	114	10	are	be	AUX
ajeer-262	114	11	devoted	devote	VERB
ajeer-262	114	12	to	to	ADP
ajeer-262	114	13	advanced	advanced	ADJ
ajeer-262	114	14	industrial	industrial	ADJ
ajeer-262	114	15	economies	economy	NOUN
ajeer-262	114	16	and	and	CCONJ
ajeer-262	114	17	to	to	ADP
ajeer-262	114	18	some	some	DET
ajeer-262	114	19	extent	extent	NOUN
ajeer-262	114	20	to	to	ADP
ajeer-262	114	21	emerging	emerge	VERB
ajeer-262	114	22	blocks	block	NOUN
ajeer-262	114	23	while	while	SCONJ
ajeer-262	114	24	there	there	PRON
ajeer-262	114	25	appears	appear	VERB
ajeer-262	114	26	to	to	PART
ajeer-262	114	27	be	be	AUX
ajeer-262	114	28	scant	scant	ADJ
ajeer-262	114	29	interest	interest	NOUN
ajeer-262	114	30	in	in	ADP
ajeer-262	114	31	low	low	ADJ
ajeer-262	114	32	-	-	PUNCT
ajeer-262	114	33	income	income	NOUN
ajeer-262	114	34	countries	country	NOUN
ajeer-262	114	35	,	,	PUNCT
ajeer-262	114	36	especially	especially	ADV
ajeer-262	114	37	those	those	PRON
ajeer-262	114	38	in	in	ADP
ajeer-262	114	39	sub	sub	ADJ
ajeer-262	114	40	-	-	ADJ
ajeer-262	114	41	saharan	saharan	ADJ
ajeer-262	114	42	africa	africa	PROPN
ajeer-262	114	43	.	.	PUNCT
ajeer-262	115	1	one	one	NUM
ajeer-262	115	2	contribution	contribution	NOUN
ajeer-262	115	3	is	be	AUX
ajeer-262	115	4	by	by	ADP
ajeer-262	115	5	babilla	babilla	NOUN
ajeer-262	115	6	(	(	PUNCT
ajeer-262	115	7	2014	2014	NUM
ajeer-262	115	8	)	)	PUNCT
ajeer-262	115	9	who	who	PRON
ajeer-262	115	10	uses	use	VERB
ajeer-262	115	11	a	a	DET
ajeer-262	115	12	mix	mix	NOUN
ajeer-262	115	13	of	of	ADP
ajeer-262	115	14	calibration	calibration	NOUN
ajeer-262	115	15	and	and	CCONJ
ajeer-262	115	16	bayesian	bayesian	NOUN
ajeer-262	115	17	estimation	estimation	NOUN
ajeer-262	115	18	of	of	ADP
ajeer-262	115	19	a	a	DET
ajeer-262	115	20	modified	modify	VERB
ajeer-262	115	21	small	small	ADJ
ajeer-262	115	22	open	open	ADJ
ajeer-262	115	23	dynamic	dynamic	ADJ
ajeer-262	115	24	stochastic	stochastic	ADJ
ajeer-262	115	25	general	general	ADJ
ajeer-262	115	26	equilibrium	equilibrium	NOUN
ajeer-262	115	27	model	model	NOUN
ajeer-262	115	28	for	for	ADP
ajeer-262	115	29	the	the	DET
ajeer-262	115	30	west	west	ADJ
ajeer-262	115	31	african	african	ADJ
ajeer-262	115	32	economic	economic	ADJ
ajeer-262	115	33	and	and	CCONJ
ajeer-262	115	34	monetary	monetary	ADJ
ajeer-262	115	35	union	union	NOUN
ajeer-262	115	36	(	(	PUNCT
ajeer-262	115	37	waemu	waemu	PROPN
ajeer-262	115	38	)	)	PUNCT
ajeer-262	115	39	.	.	PUNCT
ajeer-262	116	1	the	the	DET
ajeer-262	116	2	paper	paper	NOUN
ajeer-262	116	3	evaluates	evaluate	VERB
ajeer-262	116	4	the	the	DET
ajeer-262	116	5	effectiveness	effectiveness	NOUN
ajeer-262	116	6	of	of	ADP
ajeer-262	116	7	bank	bank	NOUN
ajeer-262	116	8	lending	lending	NOUN
ajeer-262	116	9	channel	channel	NOUN
ajeer-262	116	10	in	in	ADP
ajeer-262	116	11	the	the	DET
ajeer-262	116	12	propagation	propagation	NOUN
ajeer-262	116	13	of	of	ADP
ajeer-262	116	14	monetary	monetary	ADJ
ajeer-262	116	15	policy	policy	NOUN
ajeer-262	116	16	measures	measure	NOUN
ajeer-262	116	17	within	within	ADP
ajeer-262	116	18	a	a	DET
ajeer-262	116	19	currency	currency	NOUN
ajeer-262	116	20	union	union	NOUN
ajeer-262	116	21	where	where	SCONJ
ajeer-262	116	22	financial	financial	ADJ
ajeer-262	116	23	intermediation	intermediation	NOUN
ajeer-262	116	24	is	be	AUX
ajeer-262	116	25	dominated	dominate	VERB
ajeer-262	116	26	by	by	ADP
ajeer-262	116	27	oligopolistic	oligopolistic	ADJ
ajeer-262	116	28	banks	bank	NOUN
ajeer-262	116	29	.	.	PUNCT
ajeer-262	117	1	consistent	consistent	ADJ
ajeer-262	117	2	with	with	ADP
ajeer-262	117	3	the	the	DET
ajeer-262	117	4	evidence	evidence	NOUN
ajeer-262	117	5	for	for	ADP
ajeer-262	117	6	advanced	advanced	ADJ
ajeer-262	117	7	and	and	CCONJ
ajeer-262	117	8	emerging	emerge	VERB
ajeer-262	117	9	countries	country	NOUN
ajeer-262	117	10	,	,	PUNCT
ajeer-262	117	11	the	the	DET
ajeer-262	117	12	paper	paper	NOUN
ajeer-262	117	13	finds	find	VERB
ajeer-262	117	14	that	that	SCONJ
ajeer-262	117	15	including	include	VERB
ajeer-262	117	16	financial	financial	ADJ
ajeer-262	117	17	market	market	NOUN
ajeer-262	117	18	distortions	distortion	NOUN
ajeer-262	117	19	improves	improve	VERB
ajeer-262	117	20	the	the	DET
ajeer-262	117	21	performance	performance	NOUN
ajeer-262	117	22	of	of	ADP
ajeer-262	117	23	the	the	DET
ajeer-262	117	24	model	model	NOUN
ajeer-262	117	25	.	.	PUNCT
ajeer-262	118	1	this	this	DET
ajeer-262	118	2	paper	paper	NOUN
ajeer-262	118	3	relates	relate	VERB
ajeer-262	118	4	to	to	ADP
ajeer-262	118	5	the	the	DET
ajeer-262	118	6	works	work	NOUN
ajeer-262	118	7	of	of	ADP
ajeer-262	118	8	markovic	markovic	PROPN
ajeer-262	118	9	(	(	PUNCT
ajeer-262	118	10	2006	2006	NUM
ajeer-262	118	11	)	)	PUNCT
ajeer-262	118	12	;	;	PUNCT
ajeer-262	118	13	aguiar	aguiar	NOUN
ajeer-262	118	14	and	and	CCONJ
ajeer-262	118	15	drumond	drumond	NOUN
ajeer-262	118	16	(	(	PUNCT
ajeer-262	118	17	2007	2007	NUM
ajeer-262	118	18	)	)	PUNCT
ajeer-262	118	19	;	;	PUNCT
ajeer-262	118	20	christensen	christensen	PROPN
ajeer-262	118	21	and	and	CCONJ
ajeer-262	118	22	dib	dib	PROPN
ajeer-262	118	23	(	(	PUNCT
ajeer-262	118	24	2008	2008	NUM
ajeer-262	118	25	)	)	PUNCT
ajeer-262	118	26	by	by	ADP
ajeer-262	118	27	allowing	allow	VERB
ajeer-262	118	28	interaction	interaction	NOUN
ajeer-262	118	29	between	between	ADP
ajeer-262	118	30	the	the	DET
ajeer-262	118	31	balance	balance	NOUN
ajeer-262	118	32	sheet	sheet	NOUN
ajeer-262	118	33	structures	structure	NOUN
ajeer-262	118	34	of	of	ADP
ajeer-262	118	35	the	the	DET
ajeer-262	118	36	corporate	corporate	ADJ
ajeer-262	118	37	and	and	CCONJ
ajeer-262	118	38	banking	banking	NOUN
ajeer-262	118	39	sectors	sector	NOUN
ajeer-262	118	40	.	.	PUNCT
ajeer-262	119	1	the	the	DET
ajeer-262	119	2	bernanke	bernanke	PROPN
ajeer-262	119	3	et	et	PROPN
ajeer-262	119	4	al	al	PROPN
ajeer-262	119	5	.	.	PUNCT
ajeer-262	119	6	(	(	PUNCT
ajeer-262	119	7	1999	1999	NUM
ajeer-262	119	8	)	)	PUNCT
ajeer-262	119	9	model	model	NOUN
ajeer-262	119	10	of	of	ADP
ajeer-262	119	11	financial	financial	ADJ
ajeer-262	119	12	accelerator	accelerator	NOUN
ajeer-262	119	13	mechanism	mechanism	NOUN
ajeer-262	119	14	is	be	AUX
ajeer-262	119	15	augmented	augment	VERB
ajeer-262	119	16	to	to	PART
ajeer-262	119	17	accommodate	accommodate	VERB
ajeer-262	119	18	distortions	distortion	NOUN
ajeer-262	119	19	arising	arise	VERB
ajeer-262	119	20	from	from	ADP
ajeer-262	119	21	credit	credit	NOUN
ajeer-262	119	22	suppliers	supplier	NOUN
ajeer-262	119	23	.	.	PUNCT
ajeer-262	120	1	this	this	DET
ajeer-262	120	2	way	way	NOUN
ajeer-262	120	3	,	,	PUNCT
ajeer-262	120	4	a	a	DET
ajeer-262	120	5	double	double	ADJ
ajeer-262	120	6	-	-	PUNCT
ajeer-262	120	7	agency	agency	NOUN
ajeer-262	120	8	-	-	PUNCT
ajeer-262	120	9	cost	cost	NOUN
ajeer-262	120	10	problem	problem	NOUN
ajeer-262	120	11	is	be	AUX
ajeer-262	120	12	emphasized	emphasize	VERB
ajeer-262	120	13	to	to	PART
ajeer-262	120	14	capture	capture	VERB
ajeer-262	120	15	the	the	DET
ajeer-262	120	16	effects	effect	NOUN
ajeer-262	120	17	of	of	ADP
ajeer-262	120	18	information	information	NOUN
ajeer-262	120	19	and	and	CCONJ
ajeer-262	120	20	moral	moral	ADJ
ajeer-262	120	21	hazard	hazard	NOUN
ajeer-262	120	22	costs	cost	NOUN
ajeer-262	120	23	between	between	ADP
ajeer-262	120	24	banks	bank	NOUN
ajeer-262	120	25	and	and	CCONJ
ajeer-262	120	26	borrowers	borrower	NOUN
ajeer-262	120	27	on	on	ADP
ajeer-262	120	28	one	one	NUM
ajeer-262	120	29	side	side	NOUN
ajeer-262	120	30	and	and	CCONJ
ajeer-262	120	31	between	between	ADP
ajeer-262	120	32	banks	bank	NOUN
ajeer-262	120	33	and	and	CCONJ
ajeer-262	120	34	their	their	PRON
ajeer-262	120	35	shareholders	shareholder	NOUN
ajeer-262	120	36	on	on	ADP
ajeer-262	120	37	the	the	DET
ajeer-262	120	38	other	other	ADJ
ajeer-262	120	39	.	.	PUNCT
ajeer-262	121	1	it	it	PRON
ajeer-262	121	2	is	be	AUX
ajeer-262	121	3	assumed	assume	VERB
ajeer-262	121	4	that	that	SCONJ
ajeer-262	121	5	banks	bank	NOUN
ajeer-262	121	6	mobilize	mobilize	VERB
ajeer-262	121	7	funding	funding	NOUN
ajeer-262	121	8	by	by	ADP
ajeer-262	121	9	issuing	issue	VERB
ajeer-262	121	10	shares	share	NOUN
ajeer-262	121	11	to	to	ADP
ajeer-262	121	12	and	and	CCONJ
ajeer-262	121	13	collecting	collect	VERB
ajeer-262	121	14	deposits	deposit	NOUN
ajeer-262	121	15	from	from	ADP
ajeer-262	121	16	households	household	NOUN
ajeer-262	121	17	.	.	PUNCT
ajeer-262	122	1	the	the	DET
ajeer-262	122	2	household	household	NOUN
ajeer-262	122	3	preference	preference	NOUN
ajeer-262	122	4	for	for	ADP
ajeer-262	122	5	liquidity	liquidity	NOUN
ajeer-262	122	6	determines	determine	VERB
ajeer-262	122	7	the	the	DET
ajeer-262	122	8	relative	relative	ADJ
ajeer-262	122	9	costs	cost	NOUN
ajeer-262	122	10	of	of	ADP
ajeer-262	122	11	banking	banking	NOUN
ajeer-262	122	12	finance	finance	NOUN
ajeer-262	122	13	through	through	ADP
ajeer-262	122	14	equity	equity	NOUN
ajeer-262	122	15	issuance	issuance	NOUN
ajeer-262	122	16	and	and	CCONJ
ajeer-262	122	17	deposit	deposit	NOUN
ajeer-262	122	18	mobilization	mobilization	NOUN
ajeer-262	122	19	.	.	PUNCT
ajeer-262	123	1	the	the	DET
ajeer-262	123	2	rest	rest	NOUN
ajeer-262	123	3	of	of	ADP
ajeer-262	123	4	the	the	DET
ajeer-262	123	5	paper	paper	NOUN
ajeer-262	123	6	has	have	AUX
ajeer-262	123	7	been	be	AUX
ajeer-262	123	8	structured	structure	VERB
ajeer-262	123	9	as	as	SCONJ
ajeer-262	123	10	follows	follow	VERB
ajeer-262	123	11	.	.	PUNCT
ajeer-262	124	1	section	section	NOUN
ajeer-262	124	2	3	3	NUM
ajeer-262	124	3	outlines	outline	VERB
ajeer-262	124	4	the	the	DET
ajeer-262	124	5	model	model	NOUN
ajeer-262	124	6	followed	follow	VERB
ajeer-262	124	7	by	by	ADP
ajeer-262	124	8	the	the	DET
ajeer-262	124	9	presentation	presentation	NOUN
ajeer-262	124	10	of	of	ADP
ajeer-262	124	11	calibration	calibration	NOUN
ajeer-262	124	12	and	and	CCONJ
ajeer-262	124	13	simulation	simulation	NOUN
ajeer-262	124	14	exercise	exercise	NOUN
ajeer-262	124	15	in	in	ADP
ajeer-262	124	16	section	section	NOUN
ajeer-262	124	17	4	4	NUM
ajeer-262	124	18	.	.	PUNCT
ajeer-262	124	19	section	section	NOUN
ajeer-262	124	20	5	5	NUM
ajeer-262	124	21	concludes	conclude	VERB
ajeer-262	124	22	.	.	PUNCT
ajeer-262	125	1	3	3	X
ajeer-262	125	2	.	.	X
ajeer-262	125	3	model	model	NOUN
ajeer-262	125	4	the	the	DET
ajeer-262	125	5	model	model	NOUN
ajeer-262	125	6	setup	setup	NOUN
ajeer-262	125	7	features	feature	VERB
ajeer-262	125	8	standard	standard	ADJ
ajeer-262	125	9	elements	element	NOUN
ajeer-262	125	10	in	in	ADP
ajeer-262	125	11	new	new	ADJ
ajeer-262	125	12	keynesian	keynesian	ADJ
ajeer-262	125	13	general	general	ADJ
ajeer-262	125	14	equilibrium	equilibrium	NOUN
ajeer-262	125	15	models	model	NOUN
ajeer-262	125	16	augmented	augment	VERB
ajeer-262	125	17	with	with	ADP
ajeer-262	125	18	financial	financial	ADJ
ajeer-262	125	19	frictions	friction	NOUN
ajeer-262	125	20	.	.	PUNCT
ajeer-262	126	1	the	the	DET
ajeer-262	126	2	household	household	NOUN
ajeer-262	126	3	sector	sector	NOUN
ajeer-262	126	4	makes	make	VERB
ajeer-262	126	5	consumption	consumption	NOUN
ajeer-262	126	6	,	,	PUNCT
ajeer-262	126	7	labor	labor	NOUN
ajeer-262	126	8	supply	supply	NOUN
ajeer-262	126	9	and	and	CCONJ
ajeer-262	126	10	saving	saving	NOUN
ajeer-262	126	11	decisions	decision	NOUN
ajeer-262	126	12	.	.	PUNCT
ajeer-262	127	1	they	they	PRON
ajeer-262	127	2	use	use	VERB
ajeer-262	127	3	their	their	PRON
ajeer-262	127	4	savings	saving	NOUN
ajeer-262	127	5	to	to	PART
ajeer-262	127	6	make	make	VERB
ajeer-262	127	7	deposits	deposit	NOUN
ajeer-262	127	8	and/or	and/or	CCONJ
ajeer-262	127	9	buy	buy	VERB
ajeer-262	127	10	shares	share	NOUN
ajeer-262	127	11	in	in	ADP
ajeer-262	127	12	banks	bank	NOUN
ajeer-262	127	13	.	.	PUNCT
ajeer-262	128	1	entrepreneurs	entrepreneur	NOUN
ajeer-262	128	2	rely	rely	VERB
ajeer-262	128	3	on	on	ADP
ajeer-262	128	4	bank	bank	NOUN
ajeer-262	128	5	credit	credit	NOUN
ajeer-262	128	6	to	to	PART
ajeer-262	128	7	purchase	purchase	VERB
ajeer-262	128	8	investment	investment	NOUN
ajeer-262	128	9	capital	capital	NOUN
ajeer-262	128	10	and	and	CCONJ
ajeer-262	128	11	combine	combine	VERB
ajeer-262	128	12	it	it	PRON
ajeer-262	128	13	with	with	ADP
ajeer-262	128	14	hired	hire	VERB
ajeer-262	128	15	worker	worker	NOUN
ajeer-262	128	16	to	to	PART
ajeer-262	128	17	produce	produce	VERB
ajeer-262	128	18	wholesale	wholesale	ADJ
ajeer-262	128	19	goods	good	NOUN
ajeer-262	128	20	.	.	PUNCT
ajeer-262	129	1	the	the	DET
ajeer-262	129	2	banks	bank	NOUN
ajeer-262	129	3	mobilize	mobilize	VERB
ajeer-262	129	4	household	household	NOUN
ajeer-262	129	5	resources	resource	NOUN
ajeer-262	129	6	in	in	ADP
ajeer-262	129	7	the	the	DET
ajeer-262	129	8	form	form	NOUN
ajeer-262	129	9	of	of	ADP
ajeer-262	129	10	deposits	deposit	NOUN
ajeer-262	129	11	and	and	CCONJ
ajeer-262	129	12	equity	equity	NOUN
ajeer-262	129	13	and	and	CCONJ
ajeer-262	129	14	make	make	VERB
ajeer-262	129	15	loans	loan	NOUN
ajeer-262	129	16	to	to	ADP
ajeer-262	129	17	businesses	business	NOUN
ajeer-262	129	18	/	/	SYM
ajeer-262	129	19	entrepreneurs	entrepreneur	NOUN
ajeer-262	129	20	.	.	PUNCT
ajeer-262	130	1	3.1	3.1	NUM
ajeer-262	130	2	.	.	PUNCT
ajeer-262	130	3	entrepreneurs	entrepreneur	NOUN
ajeer-262	130	4	every	every	DET
ajeer-262	130	5	period	period	NOUN
ajeer-262	130	6	the	the	DET
ajeer-262	130	7	entrepreneur	entrepreneur	NOUN
ajeer-262	130	8	purchases	purchase	VERB
ajeer-262	130	9	the	the	DET
ajeer-262	130	10	required	require	VERB
ajeer-262	130	11	capital	capital	NOUN
ajeer-262	130	12	stock	stock	NOUN
ajeer-262	130	13	which	which	PRON
ajeer-262	130	14	will	will	AUX
ajeer-262	130	15	be	be	AUX
ajeer-262	130	16	combined	combine	VERB
ajeer-262	130	17	with	with	ADP
ajeer-262	130	18	labor	labor	NOUN
ajeer-262	130	19	to	to	PART
ajeer-262	130	20	produce	produce	VERB
ajeer-262	130	21	goods	good	NOUN
ajeer-262	130	22	the	the	DET
ajeer-262	130	23	next	next	ADJ
ajeer-262	130	24	period	period	NOUN
ajeer-262	130	25	.	.	PUNCT
ajeer-262	131	1	thus	thus	ADV
ajeer-262	131	2	,	,	PUNCT
ajeer-262	131	3	at	at	ADP
ajeer-262	131	4	time	time	NOUN
ajeer-262	131	5	t	t	PROPN
ajeer-262	131	6	entrepreneur	entrepreneur	NOUN
ajeer-262	131	7	j	j	PROPN
ajeer-262	131	8	purchases	purchase	VERB
ajeer-262	131	9	homogenous	homogenous	ADJ
ajeer-262	131	10	capital	capital	NOUN
ajeer-262	131	11	for	for	ADP
ajeer-262	131	12	use	use	NOUN
ajeer-262	131	13	at	at	ADP
ajeer-262	131	14	t+1	t+1	PRON
ajeer-262	131	15	,	,	PUNCT
ajeer-262	131	16	1	1	NUM
ajeer-262	131	17	j	j	PROPN
ajeer-262	131	18	tk	tk	PROPN
ajeer-262	131	19			VERB
ajeer-262	131	20	.	.	PUNCT
ajeer-262	132	1	the	the	DET
ajeer-262	132	2	return	return	NOUN
ajeer-262	132	3	to	to	ADP
ajeer-262	132	4	capital	capital	NOUN
ajeer-262	132	5	is	be	AUX
ajeer-262	132	6	affected	affect	VERB
ajeer-262	132	7	by	by	ADP
ajeer-262	132	8	both	both	DET
ajeer-262	132	9	systemic	systemic	ADJ
ajeer-262	132	10	risk	risk	NOUN
ajeer-262	132	11	and	and	CCONJ
ajeer-262	132	12	risk	risk	NOUN
ajeer-262	132	13	that	that	PRON
ajeer-262	132	14	is	be	AUX
ajeer-262	132	15	specific	specific	ADJ
ajeer-262	132	16	to	to	ADP
ajeer-262	132	17	the	the	DET
ajeer-262	132	18	firm	firm	NOUN
ajeer-262	132	19	.	.	PUNCT
ajeer-262	133	1	the	the	DET
ajeer-262	133	2	ex	ex	ADJ
ajeer-262	133	3	-	-	ADJ
ajeer-262	133	4	post	post	ADJ
ajeer-262	133	5	gross	gross	ADJ
ajeer-262	133	6	return	return	NOUN
ajeer-262	133	7	on	on	ADP
ajeer-262	133	8	capital	capital	NOUN
ajeer-262	133	9	for	for	ADP
ajeer-262	133	10	firm	firm	ADJ
ajeer-262	133	11	j	j	PROPN
ajeer-262	133	12	is	be	AUX
ajeer-262	133	13	1	1	NUM
ajeer-262	133	14	1	1	NUM
ajeer-262	133	15	j	j	PROPN
ajeer-262	133	16	k	k	PROPN
ajeer-262	133	17	t	t	PROPN
ajeer-262	133	18	tr	tr	PROPN
ajeer-262	133	19			ADV
ajeer-262	133	20			PUNCT
ajeer-262	133	21	,	,	PUNCT
ajeer-262	133	22	where	where	SCONJ
ajeer-262	133	23	1	1	NUM
ajeer-262	133	24	j	j	NOUN
ajeer-262	133	25	t	t	PROPN
ajeer-262	133	26			PROPN
ajeer-262	133	27	is	be	AUX
ajeer-262	133	28	an	an	DET
ajeer-262	133	29	idiosyncratic	idiosyncratic	ADJ
ajeer-262	133	30	shock	shock	NOUN
ajeer-262	133	31	specific	specific	NOUN
ajeer-262	133	32	to	to	PART
ajeer-262	133	33	firm	firm	VERB
ajeer-262	133	34	j‘s	j‘s	PROPN
ajeer-262	133	35	return	return	NOUN
ajeer-262	133	36	and	and	CCONJ
ajeer-262	133	37	1	1	NUM
ajeer-262	133	38	k	k	NOUN
ajeer-262	133	39	tr	tr	PROPN
ajeer-262	133	40	is	be	AUX
ajeer-262	133	41	the	the	DET
ajeer-262	133	42	ex	ex	ADJ
ajeer-262	133	43	post	post	NOUN
ajeer-262	133	44	aggregate	aggregate	ADJ
ajeer-262	133	45	return	return	NOUN
ajeer-262	133	46	to	to	ADP
ajeer-262	133	47	capital	capital	NOUN
ajeer-262	133	48	.	.	PUNCT
ajeer-262	134	1	the	the	DET
ajeer-262	134	2	idiosyncratic	idiosyncratic	ADJ
ajeer-262	134	3	disturbance	disturbance	NOUN
ajeer-262	134	4	(	(	PUNCT
ajeer-262	134	5	)	)	PUNCT
ajeer-262	134	6	j	j	PROPN
ajeer-262	134	7	is	be	AUX
ajeer-262	134	8	independently	independently	ADV
ajeer-262	134	9	and	and	CCONJ
ajeer-262	134	10	identically	identically	ADV
ajeer-262	134	11	distributed	distribute	VERB
ajeer-262	134	12	both	both	CCONJ
ajeer-262	134	13	across	across	ADP
ajeer-262	134	14	entrepreneurs	entrepreneur	NOUN
ajeer-262	134	15	and	and	CCONJ
ajeer-262	134	16	over	over	ADP
ajeer-262	134	17	time	time	NOUN
ajeer-262	134	18	,	,	PUNCT
ajeer-262	134	19	with	with	ADP
ajeer-262	134	20	a	a	DET
ajeer-262	134	21	continuous	continuous	ADJ
ajeer-262	134	22	and	and	CCONJ
ajeer-262	134	23	once	once	ADV
ajeer-262	134	24	-	-	PUNCT
ajeer-262	134	25	differentiable	differentiable	ADJ
ajeer-262	134	26	cumulative	cumulative	ADJ
ajeer-262	134	27	distribution	distribution	NOUN
ajeer-262	134	28	function	function	NOUN
ajeer-262	134	29	(	(	PUNCT
ajeer-262	134	30	c.d.f	c.d.f	NOUN
ajeer-262	134	31	)	)	PUNCT
ajeer-262	134	32	,	,	PUNCT
ajeer-262	134	33	(	(	PUNCT
ajeer-262	134	34	)	)	PUNCT
ajeer-262	134	35	f	f	PROPN
ajeer-262	134	36			X
ajeer-262	134	37	,	,	PUNCT
ajeer-262	134	38	over	over	ADP
ajeer-262	134	39	a	a	DET
ajeer-262	134	40	non	non	ADJ
ajeer-262	134	41	-	-	ADJ
ajeer-262	134	42	negative	negative	ADJ
ajeer-262	134	43	support	support	NOUN
ajeer-262	134	44	,	,	PUNCT
ajeer-262	134	45	and	and	CCONJ
ajeer-262	134	46	with	with	ADP
ajeer-262	134	47	expected	expect	VERB
ajeer-262	134	48	value	value	NOUN
ajeer-262	134	49	equal	equal	ADJ
ajeer-262	134	50	to	to	ADP
ajeer-262	134	51	unity	unity	NOUN
ajeer-262	134	52	.	.	PUNCT
ajeer-262	135	1	entrepreneur	entrepreneur	NOUN
ajeer-262	135	2	j	j	PROPN
ajeer-262	135	3	enters	enter	VERB
ajeer-262	135	4	next	next	ADJ
ajeer-262	135	5	period	period	NOUN
ajeer-262	135	6	with	with	ADP
ajeer-262	135	7	net	net	ADJ
ajeer-262	135	8	worth	worth	ADJ
ajeer-262	135	9	1	1	NUM
ajeer-262	135	10	j	j	PROPN
ajeer-262	135	11	tn	tn	PROPN
ajeer-262	135	12			PROPN
ajeer-262	135	13	which	which	PRON
ajeer-262	135	14	complements	complement	VERB
ajeer-262	135	15	borrowed	borrow	VERB
ajeer-262	135	16	funds	fund	NOUN
ajeer-262	135	17	for	for	ADP
ajeer-262	135	18	the	the	DET
ajeer-262	135	19	purchase	purchase	NOUN
ajeer-262	135	20	of	of	ADP
ajeer-262	135	21	1	1	NUM
ajeer-262	135	22	j	j	PROPN
ajeer-262	135	23	tk	tk	PROPN
ajeer-262	135	24			VERB
ajeer-262	135	25	.	.	PUNCT
ajeer-262	136	1	the	the	DET
ajeer-262	136	2	borrowed	borrow	VERB
ajeer-262	136	3	money	money	NOUN
ajeer-262	136	4	finances	finance	VERB
ajeer-262	136	5	the	the	DET
ajeer-262	136	6	difference	difference	NOUN
ajeer-262	136	7	between	between	ADP
ajeer-262	136	8	the	the	DET
ajeer-262	136	9	total	total	ADJ
ajeer-262	136	10	capital	capital	NOUN
ajeer-262	136	11	expenditure	expenditure	NOUN
ajeer-262	136	12	and	and	CCONJ
ajeer-262	136	13	own	own	ADJ
ajeer-262	136	14	funds	fund	NOUN
ajeer-262	136	15	(	(	PUNCT
ajeer-262	136	16	net	net	ADJ
ajeer-262	136	17	worth	worth	NOUN
ajeer-262	136	18	)	)	PUNCT
ajeer-262	136	19	and	and	CCONJ
ajeer-262	136	20	is	be	AUX
ajeer-262	136	21	equal	equal	ADJ
ajeer-262	136	22	to	to	ADP
ajeer-262	136	23	1	1	NUM
ajeer-262	136	24	1	1	NUM
ajeer-262	136	25	1	1	NUM
ajeer-262	136	26	j	j	PROPN
ajeer-262	137	1	j	j	PROPN
ajeer-262	137	2	j	j	PROPN
ajeer-262	137	3	t	t	PROPN
ajeer-262	137	4	t	t	PROPN
ajeer-262	137	5	t	t	PROPN
ajeer-262	137	6	tl	tl	PROPN
ajeer-262	137	7	qk	qk	ADP
ajeer-262	137	8	n	n	NOUN
ajeer-262	137	9			ADJ
ajeer-262	137	10			ADJ
ajeer-262	137	11			PROPN
ajeer-262	137	12	,	,	PUNCT
ajeer-262	137	13	where	where	SCONJ
ajeer-262	137	14	tq	tq	ADV
ajeer-262	137	15	is	be	AUX
ajeer-262	137	16	the	the	DET
ajeer-262	137	17	unit	unit	NOUN
ajeer-262	137	18	price	price	NOUN
ajeer-262	137	19	of	of	ADP
ajeer-262	137	20	capital	capital	NOUN
ajeer-262	137	21	in	in	ADP
ajeer-262	137	22	period	period	NOUN
ajeer-262	137	23	t.	t.	NOUN
ajeer-262	137	24	each	each	DET
ajeer-262	137	25	entrepreneur	entrepreneur	NOUN
ajeer-262	137	26	signs	sign	VERB
ajeer-262	137	27	a	a	DET
ajeer-262	137	28	credit	credit	NOUN
ajeer-262	137	29	contract	contract	NOUN
ajeer-262	137	30	with	with	ADP
ajeer-262	137	31	a	a	DET
ajeer-262	137	32	bank	bank	NOUN
ajeer-262	137	33	which	which	PRON
ajeer-262	137	34	demands	demand	VERB
ajeer-262	137	35	a	a	DET
ajeer-262	137	36	required	required	ADJ
ajeer-262	137	37	rate	rate	NOUN
ajeer-262	137	38	of	of	ADP
ajeer-262	137	39	return	return	NOUN
ajeer-262	137	40	on	on	ADP
ajeer-262	137	41	lending	lending	NOUN
ajeer-262	137	42	between	between	ADP
ajeer-262	137	43	t	t	PROPN
ajeer-262	137	44	and	and	CCONJ
ajeer-262	137	45	t+1	t+1	PRON
ajeer-262	137	46	,	,	PUNCT
ajeer-262	137	47	1	1	NUM
ajeer-262	137	48	f	f	NOUN
ajeer-262	137	49	tr	tr	PROPN
ajeer-262	137	50	.	.	PUNCT
ajeer-262	138	1	this	this	DET
ajeer-262	138	2	arrangement	arrangement	NOUN
ajeer-262	138	3	reflects	reflect	VERB
ajeer-262	138	4	an	an	DET
ajeer-262	138	5	agency	agency	NOUN
ajeer-262	138	6	problem	problem	NOUN
ajeer-262	138	7	due	due	ADP
ajeer-262	138	8	to	to	ADP
ajeer-262	138	9	asymmetric	asymmetric	ADJ
ajeer-262	138	10	information	information	NOUN
ajeer-262	138	11	between	between	ADP
ajeer-262	138	12	the	the	DET
ajeer-262	138	13	bank	bank	NOUN
ajeer-262	138	14	and	and	CCONJ
ajeer-262	138	15	the	the	DET
ajeer-262	138	16	entrepreneur	entrepreneur	NOUN
ajeer-262	138	17	.	.	PUNCT
ajeer-262	139	1	this	this	PRON
ajeer-262	139	2	implies	imply	VERB
ajeer-262	139	3	that	that	SCONJ
ajeer-262	139	4	only	only	ADV
ajeer-262	139	5	the	the	DET
ajeer-262	139	6	borrower	borrower	NOUN
ajeer-262	139	7	can	can	AUX
ajeer-262	139	8	without	without	ADP
ajeer-262	139	9	incurring	incur	VERB
ajeer-262	139	10	costs	cost	NOUN
ajeer-262	139	11	observe	observe	VERB
ajeer-262	139	12	the	the	DET
ajeer-262	139	13	return	return	NOUN
ajeer-262	139	14	of	of	ADP
ajeer-262	139	15	the	the	DET
ajeer-262	139	16	project	project	NOUN
ajeer-262	139	17	.	.	PUNCT
ajeer-262	140	1	the	the	DET
ajeer-262	140	2	financial	financial	ADJ
ajeer-262	140	3	contract	contract	NOUN
ajeer-262	140	4	is	be	AUX
ajeer-262	140	5	designed	design	VERB
ajeer-262	140	6	to	to	PART
ajeer-262	140	7	minimize	minimize	VERB
ajeer-262	140	8	the	the	DET
ajeer-262	140	9	expected	expect	VERB
ajeer-262	140	10	agency	agency	NOUN
ajeer-262	140	11	cost	cost	NOUN
ajeer-262	140	12	.	.	PUNCT
ajeer-262	141	1	as	as	SCONJ
ajeer-262	141	2	popularized	popularize	VERB
ajeer-262	141	3	by	by	ADP
ajeer-262	141	4	bernanke	bernanke	PROPN
ajeer-262	141	5	et	et	PROPN
ajeer-262	141	6	al	al	PROPN
ajeer-262	141	7	.	.	PUNCT
ajeer-262	142	1	(	(	PUNCT
ajeer-262	142	2	1999	1999	NUM
ajeer-262	142	3	)	)	PUNCT
ajeer-262	142	4	this	this	PRON
ajeer-262	142	5	gives	give	VERB
ajeer-262	142	6	rise	rise	NOUN
ajeer-262	142	7	to	to	ADP
ajeer-262	142	8	a	a	DET
ajeer-262	142	9	costly	costly	ADJ
ajeer-262	142	10	state	state	NOUN
ajeer-262	142	11	verification	verification	NOUN
ajeer-262	142	12	(	(	PUNCT
ajeer-262	142	13	csv	csv	NOUN
ajeer-262	142	14	)	)	PUNCT
ajeer-262	142	15	problem	problem	NOUN
ajeer-262	142	16	,	,	PUNCT
ajeer-262	142	17	in	in	ADP
ajeer-262	142	18	which	which	PRON
ajeer-262	142	19	the	the	DET
ajeer-262	142	20	lending	lending	NOUN
ajeer-262	142	21	bank	bank	NOUN
ajeer-262	142	22	must	must	AUX
ajeer-262	142	23	incur	incur	VERB
ajeer-262	142	24	monitoring	monitoring	NOUN
ajeer-262	142	25	and	and	CCONJ
ajeer-262	142	26	supervision	supervision	NOUN
ajeer-262	142	27	costs	cost	NOUN
ajeer-262	142	28	in	in	ADP
ajeer-262	142	29	order	order	NOUN
ajeer-262	142	30	to	to	PART
ajeer-262	142	31	know	know	VERB
ajeer-262	142	32	the	the	DET
ajeer-262	142	33	actual	actual	ADJ
ajeer-262	142	34	performance	performance	NOUN
ajeer-262	142	35	of	of	ADP
ajeer-262	142	36	the	the	DET
ajeer-262	142	37	borrower‘s	borrower‘s	PROPN
ajeer-262	142	38	project	project	NOUN
ajeer-262	142	39	.	.	PUNCT
ajeer-262	143	1	we	we	PRON
ajeer-262	143	2	assume	assume	VERB
ajeer-262	143	3	this	this	DET
ajeer-262	143	4	monitoring	monitoring	NOUN
ajeer-262	143	5	cost	cost	NOUN
ajeer-262	143	6	is	be	AUX
ajeer-262	143	7	equal	equal	ADJ
ajeer-262	143	8	a	a	DET
ajeer-262	143	9	fraction	fraction	NOUN
ajeer-262	143	10			NOUN
ajeer-262	143	11	of	of	ADP
ajeer-262	143	12	the	the	DET
ajeer-262	143	13	realized	realize	VERB
ajeer-262	143	14	gross	gross	ADJ
ajeer-262	143	15	return	return	NOUN
ajeer-262	143	16	of	of	ADP
ajeer-262	143	17	the	the	DET
ajeer-262	143	18	entrepreneur‘s	entrepreneur‘s	PROPN
ajeer-262	143	19	capital	capital	NOUN
ajeer-262	143	20	:	:	PUNCT
ajeer-262	143	21	1	1	NUM
ajeer-262	143	22	1	1	NUM
ajeer-262	143	23	1	1	NUM
ajeer-262	143	24	,	,	PUNCT
ajeer-262	143	25	j	j	PROPN
ajeer-262	143	26	k	k	PROPN
ajeer-262	143	27	j	j	PROPN
ajeer-262	143	28	t	t	PROPN
ajeer-262	143	29	t	t	PROPN
ajeer-262	143	30	t	t	PROPN
ajeer-262	143	31	tr	tr	VERB
ajeer-262	143	32	qk	qk	ADV
ajeer-262	143	33			PROPN
ajeer-262	143	34			PROPN
ajeer-262	143	35			PROPN
ajeer-262	143	36			ADV
ajeer-262	143	37	where	where	SCONJ
ajeer-262	143	38	0	0	NUM
ajeer-262	143	39	1	1	NUM
ajeer-262	143	40			PROPN
ajeer-262	143	41	.	.	PUNCT
ajeer-262	144	1	neither	neither	CCONJ
ajeer-262	144	2	the	the	DET
ajeer-262	144	3	bank	bank	NOUN
ajeer-262	144	4	nor	nor	CCONJ
ajeer-262	144	5	the	the	DET
ajeer-262	144	6	entrepreneur	entrepreneur	NOUN
ajeer-262	144	7	knows	know	VERB
ajeer-262	144	8	the	the	DET
ajeer-262	144	9	idiosyncratic	idiosyncratic	ADJ
ajeer-262	144	10	disturbance	disturbance	NOUN
ajeer-262	144	11	1	1	NUM
ajeer-262	144	12	j	j	PROPN
ajeer-262	144	13	t	t	X
ajeer-262	144	14			PROPN
ajeer-262	144	15	prior	prior	ADV
ajeer-262	144	16	to	to	ADP
ajeer-262	144	17	the	the	DET
ajeer-262	144	18	investment	investment	NOUN
ajeer-262	144	19	decision	decision	NOUN
ajeer-262	144	20	.	.	PUNCT
ajeer-262	145	1	that	that	PRON
ajeer-262	145	2	is	be	AUX
ajeer-262	145	3	both	both	DET
ajeer-262	145	4	capital	capital	NOUN
ajeer-262	145	5	expenditure	expenditure	NOUN
ajeer-262	145	6	and	and	CCONJ
ajeer-262	145	7	the	the	DET
ajeer-262	145	8	credit	credit	NOUN
ajeer-262	145	9	contract	contract	NOUN
ajeer-262	145	10	are	be	AUX
ajeer-262	145	11	established	establish	VERB
ajeer-262	145	12	before	before	ADP
ajeer-262	145	13	the	the	DET
ajeer-262	145	14	realization	realization	NOUN
ajeer-262	145	15	of	of	ADP
ajeer-262	145	16	the	the	DET
ajeer-262	145	17	shock	shock	NOUN
ajeer-262	145	18	specific	specific	NOUN
ajeer-262	145	19	to	to	ADP
ajeer-262	145	20	the	the	DET
ajeer-262	145	21	borrower	borrower	NOUN
ajeer-262	145	22	.	.	PUNCT
ajeer-262	146	1	once	once	SCONJ
ajeer-262	146	2	the	the	DET
ajeer-262	146	3	investment	investment	NOUN
ajeer-262	146	4	project	project	NOUN
ajeer-262	146	5	has	have	AUX
ajeer-262	146	6	been	be	AUX
ajeer-262	146	7	installed	instal	VERB
ajeer-262	146	8	,	,	PUNCT
ajeer-262	146	9	the	the	DET
ajeer-262	146	10	bank	bank	NOUN
ajeer-262	146	11	can	can	AUX
ajeer-262	146	12	observe	observe	VERB
ajeer-262	146	13	the	the	DET
ajeer-262	146	14	random	random	ADJ
ajeer-262	146	15	shock	shock	NOUN
ajeer-262	146	16	but	but	CCONJ
ajeer-262	146	17	only	only	ADV
ajeer-262	146	18	after	after	ADP
ajeer-262	146	19	incurring	incur	VERB
ajeer-262	146	20	monetary	monetary	ADJ
ajeer-262	146	21	costs	cost	NOUN
ajeer-262	146	22	.	.	PUNCT
ajeer-262	147	1	asian	asian	ADJ
ajeer-262	147	2	journal	journal	PROPN
ajeer-262	147	3	of	of	ADP
ajeer-262	147	4	economics	economic	NOUN
ajeer-262	147	5	and	and	CCONJ
ajeer-262	147	6	empirical	empirical	ADJ
ajeer-262	147	7	research	research	NOUN
ajeer-262	147	8	,	,	PUNCT
ajeer-262	147	9	2019	2019	NUM
ajeer-262	147	10	,	,	PUNCT
ajeer-262	147	11	6(1	6(1	NUM
ajeer-262	147	12	):	):	PUNCT
ajeer-262	147	13	16	16	NUM
ajeer-262	147	14	-	-	SYM
ajeer-262	147	15	26	26	NUM
ajeer-262	147	16	20	20	NUM
ajeer-262	147	17	©	©	PROPN
ajeer-262	147	18	2019	2019	NUM
ajeer-262	147	19	by	by	ADP
ajeer-262	147	20	the	the	DET
ajeer-262	147	21	authors	author	NOUN
ajeer-262	147	22	;	;	PUNCT
ajeer-262	147	23	licensee	licensee	PROPN
ajeer-262	147	24	asian	asian	ADJ
ajeer-262	147	25	online	online	PROPN
ajeer-262	147	26	journal	journal	PROPN
ajeer-262	147	27	publishing	publishing	NOUN
ajeer-262	147	28	group	group	NOUN
ajeer-262	147	29	given	give	VERB
ajeer-262	147	30	1	1	NUM
ajeer-262	147	31	j	j	PROPN
ajeer-262	147	32	t	t	PROPN
ajeer-262	147	33	tq	tq	INTJ
ajeer-262	147	34	k	k	PROPN
ajeer-262	147	35			PROPN
ajeer-262	147	36	,	,	PUNCT
ajeer-262	147	37	1	1	NUM
ajeer-262	147	38	j	j	PROPN
ajeer-262	147	39	tl	tl	PROPN
ajeer-262	147	40			X
ajeer-262	147	41	,	,	PUNCT
ajeer-262	147	42	and	and	CCONJ
ajeer-262	147	43	1	1	NUM
ajeer-262	147	44	k	k	NOUN
ajeer-262	147	45	tr	tr	INTJ
ajeer-262	147	46	,	,	PUNCT
ajeer-262	147	47	the	the	DET
ajeer-262	147	48	optimal	optimal	ADJ
ajeer-262	147	49	contract	contract	NOUN
ajeer-262	147	50	is	be	AUX
ajeer-262	147	51	characterized	characterize	VERB
ajeer-262	147	52	by	by	ADP
ajeer-262	147	53	a	a	DET
ajeer-262	147	54	gross	gross	ADJ
ajeer-262	147	55	non	non	ADJ
ajeer-262	147	56	-	-	ADJ
ajeer-262	147	57	default	default	ADJ
ajeer-262	147	58	loan	loan	NOUN
ajeer-262	147	59	rate	rate	NOUN
ajeer-262	147	60	,	,	PUNCT
ajeer-262	147	61	1	1	NUM
ajeer-262	147	62	j	j	PROPN
ajeer-262	147	63	tz	tz	PROPN
ajeer-262	147	64			NOUN
ajeer-262	147	65	,	,	PUNCT
ajeer-262	147	66	and	and	CCONJ
ajeer-262	147	67	a	a	DET
ajeer-262	147	68	cut	cut	NOUN
ajeer-262	147	69	-	-	PUNCT
ajeer-262	147	70	off	off	ADP
ajeer-262	147	71	1	1	NUM
ajeer-262	147	72	j	j	PROPN
ajeer-262	147	73	t	t	PROPN
ajeer-262	147	74			PROPN
ajeer-262	147	75	,	,	PUNCT
ajeer-262	147	76	such	such	ADJ
ajeer-262	147	77	that	that	SCONJ
ajeer-262	147	78	,	,	PUNCT
ajeer-262	147	79	if	if	SCONJ
ajeer-262	147	80	1	1	NUM
ajeer-262	147	81	1	1	NUM
ajeer-262	147	82	j	j	PROPN
ajeer-262	147	83	j	j	PROPN
ajeer-262	147	84	t	t	PROPN
ajeer-262	147	85	t	t	X
ajeer-262	147	86			VERB
ajeer-262	147	87			NOUN
ajeer-262	147	88	,	,	PUNCT
ajeer-262	147	89	the	the	DET
ajeer-262	147	90	borrower	borrower	NOUN
ajeer-262	147	91	pays	pay	VERB
ajeer-262	147	92	the	the	DET
ajeer-262	147	93	lender	lender	NOUN
ajeer-262	147	94	the	the	DET
ajeer-262	147	95	amount	amount	NOUN
ajeer-262	148	1	1	1	NUM
ajeer-262	148	2	1	1	NUM
ajeer-262	148	3	1	1	NUM
ajeer-262	148	4	j	j	NOUN
ajeer-262	148	5	k	k	PROPN
ajeer-262	148	6	j	j	PROPN
ajeer-262	148	7	t	t	PROPN
ajeer-262	148	8	t	t	PROPN
ajeer-262	148	9	t	t	PROPN
ajeer-262	148	10	tr	tr	VERB
ajeer-262	148	11	qk	qk	PROPN
ajeer-262	148	12			ADV
ajeer-262	148	13			ADV
ajeer-262	148	14			PUNCT
ajeer-262	148	15	and	and	CCONJ
ajeer-262	148	16	keeps	keep	VERB
ajeer-262	148	17	the	the	DET
ajeer-262	148	18	residual	residual	ADJ
ajeer-262	148	19	value	value	NOUN
ajeer-262	148	20	1	1	NUM
ajeer-262	148	21	1	1	NUM
ajeer-262	148	22	1	1	NUM
ajeer-262	148	23	1	1	NUM
ajeer-262	148	24	(	(	PUNCT
ajeer-262	148	25	)	)	PUNCT
ajeer-262	148	26	.j	.j	PROPN
ajeer-262	149	1	j	j	PROPN
ajeer-262	149	2	k	k	PROPN
ajeer-262	149	3	j	j	PROPN
ajeer-262	149	4	t	t	PROPN
ajeer-262	149	5	t	t	PROPN
ajeer-262	149	6	t	t	PROPN
ajeer-262	149	7	t	t	PROPN
ajeer-262	149	8	tr	tr	VERB
ajeer-262	149	9	qk	qk	NOUN
ajeer-262	149	10			VERB
ajeer-262	149	11			ADV
ajeer-262	149	12			VERB
ajeer-262	149	13			NOUN
ajeer-262	149	14	that	that	PRON
ajeer-262	149	15	is	be	AUX
ajeer-262	149	16	,	,	PUNCT
ajeer-262	149	17	1	1	NUM
ajeer-262	149	18	j	j	PROPN
ajeer-262	149	19	t	t	PROPN
ajeer-262	149	20			PROPN
ajeer-262	149	21	is	be	AUX
ajeer-262	149	22	defined	define	VERB
ajeer-262	149	23	by	by	ADP
ajeer-262	149	24	:	:	PUNCT
ajeer-262	149	25	1	1	NUM
ajeer-262	149	26	1	1	NUM
ajeer-262	149	27	1	1	NUM
ajeer-262	149	28	1	1	NUM
ajeer-262	149	29	j	j	NOUN
ajeer-262	150	1	k	k	PROPN
ajeer-262	150	2	j	j	PROPN
ajeer-262	150	3	j	j	PROPN
ajeer-262	150	4	t	t	PROPN
ajeer-262	150	5	t	t	PROPN
ajeer-262	150	6	t	t	PROPN
ajeer-262	150	7	t	t	PROPN
ajeer-262	150	8	t	t	PROPN
ajeer-262	150	9	tr	tr	PROPN
ajeer-262	150	10	qk	qk	PROPN
ajeer-262	150	11	z	z	PROPN
ajeer-262	150	12	l	l	PROPN
ajeer-262	150	13			ADV
ajeer-262	150	14			PUNCT
ajeer-262	150	15			PROPN
ajeer-262	150	16			PROPN
ajeer-262	150	17	(	(	PUNCT
ajeer-262	150	18	1	1	NUM
ajeer-262	150	19	)	)	PUNCT
ajeer-262	150	20	if	if	SCONJ
ajeer-262	150	21	1	1	NUM
ajeer-262	150	22	1	1	NUM
ajeer-262	150	23	j	j	PROPN
ajeer-262	150	24	j	j	PROPN
ajeer-262	150	25	t	t	PROPN
ajeer-262	150	26	t	t	X
ajeer-262	150	27			VERB
ajeer-262	150	28			PROPN
ajeer-262	150	29	,	,	PUNCT
ajeer-262	150	30	the	the	DET
ajeer-262	150	31	borrower	borrower	NOUN
ajeer-262	150	32	receives	receive	VERB
ajeer-262	150	33	nothing	nothing	PRON
ajeer-262	150	34	,	,	PUNCT
ajeer-262	150	35	while	while	SCONJ
ajeer-262	150	36	the	the	DET
ajeer-262	150	37	bank	bank	NOUN
ajeer-262	150	38	monitors	monitor	VERB
ajeer-262	150	39	the	the	DET
ajeer-262	150	40	borrower	borrower	NOUN
ajeer-262	150	41	and	and	CCONJ
ajeer-262	150	42	receives	receive	VERB
ajeer-262	150	43	1	1	NUM
ajeer-262	150	44	1	1	NUM
ajeer-262	150	45	1(1	1(1	NUM
ajeer-262	150	46	)	)	PUNCT
ajeer-262	151	1	j	j	PROPN
ajeer-262	152	1	k	k	PROPN
ajeer-262	152	2	j	j	PROPN
ajeer-262	152	3	t	t	PROPN
ajeer-262	152	4	t	t	PROPN
ajeer-262	152	5	t	t	PROPN
ajeer-262	152	6	tr	tr	VERB
ajeer-262	152	7	qk	qk	ADV
ajeer-262	152	8			PROPN
ajeer-262	152	9			PROPN
ajeer-262	152	10			VERB
ajeer-262	152	11			PROPN
ajeer-262	152	12	.	.	PUNCT
ajeer-262	153	1	in	in	ADP
ajeer-262	153	2	equilibrium	equilibrium	NOUN
ajeer-262	153	3	,	,	PUNCT
ajeer-262	153	4	the	the	DET
ajeer-262	153	5	contractual	contractual	ADJ
ajeer-262	153	6	arrangement	arrangement	NOUN
ajeer-262	153	7	ensures	ensure	VERB
ajeer-262	153	8	that	that	SCONJ
ajeer-262	153	9	the	the	DET
ajeer-262	153	10	lender	lender	NOUN
ajeer-262	153	11	gets	get	VERB
ajeer-262	153	12	an	an	DET
ajeer-262	153	13	expected	expect	VERB
ajeer-262	153	14	gross	gross	ADJ
ajeer-262	153	15	return	return	NOUN
ajeer-262	153	16	on	on	ADP
ajeer-262	153	17	the	the	DET
ajeer-262	153	18	loan	loan	NOUN
ajeer-262	153	19	equal	equal	ADJ
ajeer-262	153	20	to	to	ADP
ajeer-262	153	21	the	the	DET
ajeer-262	153	22	required	required	ADJ
ajeer-262	153	23	return	return	NOUN
ajeer-262	153	24	:	:	PUNCT
ajeer-262	153	25	1	1	NUM
ajeer-262	153	26	1	1	NUM
ajeer-262	153	27	1	1	NUM
ajeer-262	153	28	1	1	NUM
ajeer-262	153	29	1	1	NUM
ajeer-262	153	30	1	1	NUM
ajeer-262	153	31	1	1	NUM
ajeer-262	153	32	1	1	NUM
ajeer-262	153	33	1	1	NUM
ajeer-262	153	34	1	1	NUM
ajeer-262	153	35	0	0	NUM
ajeer-262	153	36	(	(	PUNCT
ajeer-262	153	37	1	1	NUM
ajeer-262	153	38	(	(	PUNCT
ajeer-262	153	39	)	)	PUNCT
ajeer-262	153	40	]	]	X
ajeer-262	153	41	z	z	X
ajeer-262	153	42	(	(	PUNCT
ajeer-262	153	43	1	1	NUM
ajeer-262	153	44	)	)	PUNCT
ajeer-262	153	45	(	(	PUNCT
ajeer-262	153	46	)	)	PUNCT
ajeer-262	153	47	(	(	PUNCT
ajeer-262	153	48	)	)	PUNCT
ajeer-262	153	49	,	,	PUNCT
ajeer-262	153	50	j	j	PROPN
ajeer-262	153	51	tj	tj	INTJ
ajeer-262	154	1	i	i	PRON
ajeer-262	154	2	j	j	PROPN
ajeer-262	155	1	j	j	PROPN
ajeer-262	155	2	k	k	PROPN
ajeer-262	155	3	j	j	PROPN
ajeer-262	156	1	f	f	PROPN
ajeer-262	156	2	j	j	PROPN
ajeer-262	157	1	j	j	PROPN
ajeer-262	157	2	t	t	PROPN
ajeer-262	157	3	t	t	PROPN
ajeer-262	157	4	t	t	PROPN
ajeer-262	157	5	t	t	PROPN
ajeer-262	157	6	t	t	PROPN
ajeer-262	157	7	t	t	PROPN
ajeer-262	157	8	t	t	PROPN
ajeer-262	157	9	t	t	PROPN
ajeer-262	157	10	t	t	PROPN
ajeer-262	157	11	t	t	PROPN
ajeer-262	158	1	tf	tf	NOUN
ajeer-262	158	2	l	l	NOUN
ajeer-262	158	3	r	r	NOUN
ajeer-262	159	1	q	q	PROPN
ajeer-262	159	2	k	k	NOUN
ajeer-262	160	1	f	f	PROPN
ajeer-262	161	1	d	d	NOUN
ajeer-262	161	2	r	r	NOUN
ajeer-262	161	3	q	q	X
ajeer-262	161	4	k	k	PROPN
ajeer-262	161	5	n	n	CCONJ
ajeer-262	161	6			X
ajeer-262	161	7			X
ajeer-262	161	8			NOUN
ajeer-262	161	9			X
ajeer-262	161	10			X
ajeer-262	161	11			PROPN
ajeer-262	161	12			ADV
ajeer-262	161	13			PROPN
ajeer-262	161	14			PROPN
ajeer-262	161	15			PROPN
ajeer-262	161	16			PROPN
ajeer-262	161	17			PROPN
ajeer-262	161	18			PROPN
ajeer-262	161	19			VERB
ajeer-262	161	20			VERB
ajeer-262	161	21			PROPN
ajeer-262	161	22			VERB
ajeer-262	161	23			PROPN
ajeer-262	161	24			PROPN
ajeer-262	161	25			NOUN
ajeer-262	161	26	(	(	PUNCT
ajeer-262	161	27	2a	2a	NUM
ajeer-262	161	28	)	)	PUNCT
ajeer-262	162	1	where	where	SCONJ
ajeer-262	162	2	(	(	PUNCT
ajeer-262	162	3	)	)	PUNCT
ajeer-262	162	4	f	f	PROPN
ajeer-262	163	1			PROPN
ajeer-262	163	2	is	be	AUX
ajeer-262	163	3	the	the	DET
ajeer-262	163	4	probability	probability	NOUN
ajeer-262	163	5	density	density	NOUN
ajeer-262	163	6	function	function	NOUN
ajeer-262	163	7	(	(	PUNCT
ajeer-262	163	8	p.d.f	p.d.f	ADJ
ajeer-262	163	9	)	)	PUNCT
ajeer-262	163	10	of	of	ADP
ajeer-262	163	11			PROPN
ajeer-262	163	12	.	.	PUNCT
ajeer-262	164	1	combining	combine	VERB
ajeer-262	164	2	equation	equation	NOUN
ajeer-262	164	3	(	(	PUNCT
ajeer-262	164	4	1	1	NUM
ajeer-262	164	5	)	)	PUNCT
ajeer-262	164	6	with	with	ADP
ajeer-262	164	7	equation	equation	NOUN
ajeer-262	164	8	(	(	PUNCT
ajeer-262	164	9	2a	2a	NUM
ajeer-262	164	10	)	)	PUNCT
ajeer-262	164	11	yields	yield	VERB
ajeer-262	164	12	the	the	DET
ajeer-262	164	13	following	follow	VERB
ajeer-262	164	14	expression	expression	NOUN
ajeer-262	164	15	:	:	PUNCT
ajeer-262	165	1			NOUN
ajeer-262	165	2	1	1	VERB
ajeer-262	165	3	1	1	NUM
ajeer-262	165	4	1	1	NUM
ajeer-262	165	5	1	1	NUM
ajeer-262	165	6	1	1	NUM
ajeer-262	165	7	1	1	NUM
ajeer-262	165	8	1	1	NUM
ajeer-262	165	9	1	1	NUM
ajeer-262	165	10	1	1	NUM
ajeer-262	165	11	0	0	NUM
ajeer-262	166	1	[	[	X
ajeer-262	166	2	1	1	NUM
ajeer-262	166	3	(	(	PUNCT
ajeer-262	166	4	)	)	PUNCT
ajeer-262	166	5	]	]	PUNCT
ajeer-262	166	6	(	(	PUNCT
ajeer-262	166	7	1	1	X
ajeer-262	166	8	)	)	PUNCT
ajeer-262	166	9	(	(	PUNCT
ajeer-262	166	10	)	)	PUNCT
ajeer-262	167	1	(	(	PUNCT
ajeer-262	167	2	)	)	PUNCT
ajeer-262	167	3	j	j	PROPN
ajeer-262	167	4	tj	tj	PROPN
ajeer-262	167	5	j	j	PROPN
ajeer-262	167	6	j	j	PROPN
ajeer-262	168	1	k	k	PROPN
ajeer-262	168	2	j	j	PROPN
ajeer-262	169	1	f	f	PROPN
ajeer-262	169	2	j	j	PROPN
ajeer-262	170	1	j	j	PROPN
ajeer-262	170	2	t	t	PROPN
ajeer-262	170	3	t	t	PROPN
ajeer-262	170	4	t	t	PROPN
ajeer-262	170	5	t	t	PROPN
ajeer-262	170	6	t	t	PROPN
ajeer-262	170	7	t	t	PROPN
ajeer-262	170	8	t	t	PROPN
ajeer-262	170	9	t	t	PROPN
ajeer-262	171	1	tf	tf	INTJ
ajeer-262	171	2	f	f	PROPN
ajeer-262	172	1	d	d	NOUN
ajeer-262	172	2	r	r	NOUN
ajeer-262	172	3	k	k	NOUN
ajeer-262	172	4	r	r	NOUN
ajeer-262	172	5	q	q	PROPN
ajeer-262	172	6	k	k	PROPN
ajeer-262	172	7	n	n	CCONJ
ajeer-262	172	8			X
ajeer-262	172	9			X
ajeer-262	172	10			X
ajeer-262	172	11			NOUN
ajeer-262	172	12			X
ajeer-262	172	13			X
ajeer-262	172	14			PROPN
ajeer-262	172	15			ADV
ajeer-262	172	16			PROPN
ajeer-262	172	17			PROPN
ajeer-262	172	18			PROPN
ajeer-262	172	19			PROPN
ajeer-262	172	20			PROPN
ajeer-262	172	21			VERB
ajeer-262	172	22			VERB
ajeer-262	172	23			PROPN
ajeer-262	172	24			VERB
ajeer-262	172	25			PROPN
ajeer-262	172	26			PROPN
ajeer-262	172	27			NOUN
ajeer-262	172	28	(	(	PUNCT
ajeer-262	172	29	2b	2b	NUM
ajeer-262	172	30	)	)	PUNCT
ajeer-262	172	31	expanding	expand	VERB
ajeer-262	172	32	the	the	DET
ajeer-262	172	33	expression	expression	NOUN
ajeer-262	172	34	within	within	ADP
ajeer-262	172	35	the	the	DET
ajeer-262	172	36	parenthesis	parenthesis	NOUN
ajeer-262	172	37	on	on	ADP
ajeer-262	172	38	the	the	DET
ajeer-262	172	39	left	left	ADJ
ajeer-262	172	40	hand	hand	NOUN
ajeer-262	172	41	side	side	NOUN
ajeer-262	172	42	of	of	ADP
ajeer-262	172	43	equation	equation	NOUN
ajeer-262	172	44	(	(	PUNCT
ajeer-262	172	45	2b	2b	NUM
ajeer-262	172	46	)	)	PUNCT
ajeer-262	172	47	we	we	PRON
ajeer-262	172	48	can	can	AUX
ajeer-262	172	49	define	define	VERB
ajeer-262	172	50	the	the	DET
ajeer-262	172	51	share	share	NOUN
ajeer-262	172	52	of	of	ADP
ajeer-262	172	53	income	income	NOUN
ajeer-262	172	54	going	go	VERB
ajeer-262	172	55	to	to	ADP
ajeer-262	172	56	the	the	DET
ajeer-262	172	57	lender	lender	NOUN
ajeer-262	172	58	(	(	PUNCT
ajeer-262	172	59	(	(	PUNCT
ajeer-262	172	60	)	)	PUNCT
ajeer-262	172	61			X
ajeer-262	172	62	)	)	PUNCT
ajeer-262	172	63	and	and	CCONJ
ajeer-262	172	64	the	the	DET
ajeer-262	172	65	residual	residual	ADJ
ajeer-262	172	66	amount	amount	NOUN
ajeer-262	172	67	to	to	ADP
ajeer-262	172	68	the	the	DET
ajeer-262	172	69	entrepreneur	entrepreneur	NOUN
ajeer-262	172	70	(	(	PUNCT
ajeer-262	172	71	(	(	PUNCT
ajeer-262	172	72	)	)	PUNCT
ajeer-262	172	73			NOUN
ajeer-262	172	74	):	):	PUNCT
ajeer-262	173	1	1	1	NUM
ajeer-262	173	2	1	1	NUM
ajeer-262	173	3	1	1	NUM
ajeer-262	173	4	1	1	NUM
ajeer-262	173	5	1	1	NUM
ajeer-262	173	6	1	1	NUM
ajeer-262	173	7	0	0	NUM
ajeer-262	173	8	0	0	NUM
ajeer-262	173	9	(	(	PUNCT
ajeer-262	173	10	)	)	PUNCT
ajeer-262	173	11	(	(	PUNCT
ajeer-262	173	12	)	)	PUNCT
ajeer-262	174	1	[	[	X
ajeer-262	174	2	1	1	NUM
ajeer-262	174	3	(	(	PUNCT
ajeer-262	174	4	)	)	PUNCT
ajeer-262	174	5	]	]	PUNCT
ajeer-262	174	6	(	(	PUNCT
ajeer-262	174	7	)	)	PUNCT
ajeer-262	174	8	(	(	PUNCT
ajeer-262	174	9	)	)	PUNCT
ajeer-262	175	1	j	j	PROPN
ajeer-262	176	1	j	j	PROPN
ajeer-262	176	2	t	t	PROPN
ajeer-262	176	3	tj	tj	PROPN
ajeer-262	176	4	j	j	PROPN
ajeer-262	177	1	j	j	PROPN
ajeer-262	177	2	j	j	PROPN
ajeer-262	177	3	t	t	PROPN
ajeer-262	177	4	t	t	PROPN
ajeer-262	177	5	t	t	PROPN
ajeer-262	178	1	tf	tf	INTJ
ajeer-262	178	2	f	f	PROPN
ajeer-262	179	1	d	d	X
ajeer-262	179	2	f	f	PROPN
ajeer-262	180	1	d	d	X
ajeer-262	180	2			X
ajeer-262	180	3			X
ajeer-262	180	4			PUNCT
ajeer-262	180	5			NOUN
ajeer-262	180	6			X
ajeer-262	181	1			X
ajeer-262	182	1			X
ajeer-262	183	1			X
ajeer-262	183	2			X
ajeer-262	183	3			X
ajeer-262	183	4			NOUN
ajeer-262	183	5			X
ajeer-262	183	6			X
ajeer-262	183	7			PROPN
ajeer-262	183	8			ADV
ajeer-262	183	9			PROPN
ajeer-262	183	10			PROPN
ajeer-262	183	11			PROPN
ajeer-262	183	12			PUNCT
ajeer-262	183	13			PUNCT
ajeer-262	183	14			PUNCT
ajeer-262	183	15			PROPN
ajeer-262	183	16			PROPN
ajeer-262	183	17			VERB
ajeer-262	183	18			NOUN
ajeer-262	183	19			PUNCT
ajeer-262	183	20	thus	thus	ADV
ajeer-262	183	21	the	the	DET
ajeer-262	183	22	optimal	optimal	ADJ
ajeer-262	183	23	financial	financial	ADJ
ajeer-262	183	24	contract	contract	NOUN
ajeer-262	183	25	involves	involve	VERB
ajeer-262	183	26	maximizing	maximize	VERB
ajeer-262	183	27	the	the	DET
ajeer-262	183	28	profit	profit	NOUN
ajeer-262	183	29	share	share	NOUN
ajeer-262	183	30	of	of	ADP
ajeer-262	183	31	the	the	DET
ajeer-262	183	32	entrepreneur	entrepreneur	NOUN
ajeer-262	183	33	subject	subject	ADJ
ajeer-262	183	34	to	to	ADP
ajeer-262	183	35	the	the	DET
ajeer-262	183	36	lender	lender	NOUN
ajeer-262	183	37	resource	resource	NOUN
ajeer-262	183	38	constraint	constraint	NOUN
ajeer-262	183	39	discussed	discuss	VERB
ajeer-262	183	40	previously	previously	ADV
ajeer-262	183	41	:	:	PUNCT
ajeer-262	183	42	1	1	NUM
ajeer-262	183	43	1	1	NUM
ajeer-262	183	44	1	1	NUM
ajeer-262	183	45	1	1	NUM
ajeer-262	183	46	,	,	PUNCT
ajeer-262	183	47	[	[	X
ajeer-262	183	48	1	1	NUM
ajeer-262	183	49	(	(	PUNCT
ajeer-262	183	50	)	)	PUNCT
ajeer-262	183	51	]	]	X
ajeer-262	183	52	(	(	PUNCT
ajeer-262	183	53	1	1	NUM
ajeer-262	183	54	r	r	NOUN
ajeer-262	183	55	)	)	PUNCT
ajeer-262	183	56	(	(	PUNCT
ajeer-262	183	57	lev	lev	NOUN
ajeer-262	183	58	1	1	NUM
ajeer-262	183	59	)	)	PUNCT
ajeer-262	183	60	max	max	PROPN
ajeer-262	183	61	1	1	NUM
ajeer-262	183	62	t	t	NOUN
ajeer-262	183	63	t	t	PROPN
ajeer-262	183	64	k	k	PROPN
ajeer-262	183	65	t	t	PROPN
ajeer-262	183	66	t	t	PROPN
ajeer-262	183	67	t	t	PROPN
ajeer-262	183	68	t	t	PROPN
ajeer-262	183	69	f	f	PROPN
ajeer-262	183	70	tlev	tlev	PROPN
ajeer-262	183	71	e	e	NOUN
ajeer-262	183	72	r	r	NOUN
ajeer-262	183	73			X
ajeer-262	183	74			PROPN
ajeer-262	183	75			ADV
ajeer-262	183	76			PROPN
ajeer-262	183	77			PUNCT
ajeer-262	183	78			PUNCT
ajeer-262	183	79			PROPN
ajeer-262	183	80			PROPN
ajeer-262	183	81			PUNCT
ajeer-262	183	82			X
ajeer-262	183	83	(	(	PUNCT
ajeer-262	183	84	2c	2c	NOUN
ajeer-262	183	85	)	)	PUNCT
ajeer-262	183	86	s.t	s.t	PROPN
ajeer-262	183	87	.	.	PROPN
ajeer-262	183	88	1	1	NUM
ajeer-262	183	89	1	1	NUM
ajeer-262	183	90	1	1	NUM
ajeer-262	183	91	1	1	NUM
ajeer-262	183	92	[	[	PUNCT
ajeer-262	183	93	(	(	PUNCT
ajeer-262	183	94	)	)	PUNCT
ajeer-262	183	95	(	(	PUNCT
ajeer-262	183	96	)	)	PUNCT
ajeer-262	183	97	]	]	X
ajeer-262	183	98	(	(	PUNCT
ajeer-262	183	99	1	1	NUM
ajeer-262	183	100	r	r	NOUN
ajeer-262	183	101	)	)	PUNCT
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ajeer-262	183	103	1	1	NUM
ajeer-262	183	104	lev	lev	NOUN
ajeer-262	183	105	)	)	PUNCT
ajeer-262	183	106	1	1	NUM
ajeer-262	184	1	k	k	NOUN
ajeer-262	184	2	t	t	PROPN
ajeer-262	184	3	t	t	PROPN
ajeer-262	184	4	t	t	PROPN
ajeer-262	184	5	t	t	PROPN
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ajeer-262	185	2	t	t	PROPN
ajeer-262	185	3	lev	lev	NOUN
ajeer-262	185	4	r	r	PROPN
ajeer-262	185	5			X
ajeer-262	185	6			NOUN
ajeer-262	185	7			NOUN
ajeer-262	185	8			ADV
ajeer-262	185	9			PUNCT
ajeer-262	185	10			PUNCT
ajeer-262	185	11			PUNCT
ajeer-262	185	12			PROPN
ajeer-262	185	13			PROPN
ajeer-262	185	14			ADV
ajeer-262	185	15			PROPN
ajeer-262	185	16			NUM
ajeer-262	185	17			ADJ
ajeer-262	185	18	where	where	SCONJ
ajeer-262	185	19	1	1	NUM
ajeer-262	185	20	1	1	NUM
ajeer-262	185	21	1	1	NUM
ajeer-262	185	22	t	t	NOUN
ajeer-262	185	23	t	t	NOUN
ajeer-262	185	24	t	t	PROPN
ajeer-262	185	25	t	t	PROPN
ajeer-262	185	26	t	t	PROPN
ajeer-262	185	27	q	q	PROPN
ajeer-262	185	28	k	k	PROPN
ajeer-262	185	29	n	n	CCONJ
ajeer-262	185	30	lev	lev	PROPN
ajeer-262	185	31	n	n	PROPN
ajeer-262	185	32			ADV
ajeer-262	185	33			PUNCT
ajeer-262	185	34			PUNCT
ajeer-262	185	35			PROPN
ajeer-262	185	36			PROPN
ajeer-262	185	37	.	.	PUNCT
ajeer-262	186	1	bernanke	bernanke	PROPN
ajeer-262	186	2	et	et	PROPN
ajeer-262	186	3	al	al	PROPN
ajeer-262	186	4	.	.	PUNCT
ajeer-262	186	5	(	(	PUNCT
ajeer-262	186	6	1999	1999	NUM
ajeer-262	186	7	)	)	PUNCT
ajeer-262	186	8	have	have	AUX
ajeer-262	186	9	demonstrated	demonstrate	VERB
ajeer-262	186	10	that	that	SCONJ
ajeer-262	186	11	the	the	DET
ajeer-262	186	12	lender‘s	lender‘s	PRON
ajeer-262	186	13	expected	expect	VERB
ajeer-262	186	14	return	return	NOUN
ajeer-262	186	15	is	be	AUX
ajeer-262	186	16	maximized	maximize	VERB
ajeer-262	186	17	at	at	ADP
ajeer-262	186	18	a	a	DET
ajeer-262	186	19	unique	unique	ADJ
ajeer-262	186	20	interior	interior	ADJ
ajeer-262	186	21	point	point	NOUN
ajeer-262	186	22	1	1	NUM
ajeer-262	186	23	j	j	PROPN
ajeer-262	186	24	t	t	X
ajeer-262	186	25			PROPN
ajeer-262	186	26	,	,	PUNCT
ajeer-262	186	27	*	*	PUNCT
ajeer-262	186	28	1	1	NUM
ajeer-262	186	29	j	j	PROPN
ajeer-262	186	30	t	t	X
ajeer-262	186	31			X
ajeer-262	186	32	,	,	PUNCT
ajeer-262	186	33	and	and	CCONJ
ajeer-262	186	34	the	the	DET
ajeer-262	186	35	equilibrium	equilibrium	NOUN
ajeer-262	186	36	is	be	AUX
ajeer-262	186	37	characterized	characterize	VERB
ajeer-262	186	38	by	by	ADP
ajeer-262	186	39	1	1	NUM
ajeer-262	186	40	j	j	PROPN
ajeer-262	186	41	t	t	NOUN
ajeer-262	186	42			PROPN
ajeer-262	186	43	always	always	ADV
ajeer-262	186	44	being	be	AUX
ajeer-262	186	45	below	below	ADP
ajeer-262	186	46	*	*	PUNCT
ajeer-262	186	47	1	1	NUM
ajeer-262	186	48	j	j	PROPN
ajeer-262	186	49	t	t	X
ajeer-262	186	50			PROPN
ajeer-262	186	51	.	.	PUNCT
ajeer-262	187	1	as	as	ADP
ajeer-262	187	2	a	a	DET
ajeer-262	187	3	result	result	NOUN
ajeer-262	187	4	,	,	PUNCT
ajeer-262	187	5	the	the	DET
ajeer-262	187	6	possibility	possibility	NOUN
ajeer-262	187	7	of	of	ADP
ajeer-262	187	8	equilibrium	equilibrium	NOUN
ajeer-262	187	9	under	under	ADP
ajeer-262	187	10	credit	credit	NOUN
ajeer-262	187	11	rationing	rationing	NOUN
ajeer-262	187	12	is	be	AUX
ajeer-262	187	13	not	not	PART
ajeer-262	187	14	considered	consider	VERB
ajeer-262	187	15	and	and	CCONJ
ajeer-262	187	16	the	the	DET
ajeer-262	187	17	creditor‘s	creditor‘s	PROPN
ajeer-262	187	18	expected	expect	VERB
ajeer-262	187	19	return	return	NOUN
ajeer-262	187	20	is	be	AUX
ajeer-262	187	21	always	always	ADV
ajeer-262	187	22	increasing	increase	VERB
ajeer-262	187	23	in	in	ADP
ajeer-262	187	24	1	1	NUM
ajeer-262	187	25	j	j	PROPN
ajeer-262	187	26	t	t	PROPN
ajeer-262	187	27			ADV
ajeer-262	187	28	.	.	PUNCT
ajeer-262	188	1	denoting	denote	VERB
ajeer-262	188	2	the	the	DET
ajeer-262	188	3	expected	expect	VERB
ajeer-262	188	4	discounted	discount	VERB
ajeer-262	188	5	return	return	NOUN
ajeer-262	188	6	to	to	ADP
ajeer-262	188	7	capital	capital	NOUN
ajeer-262	188	8	by	by	ADP
ajeer-262	188	9	the	the	DET
ajeer-262	188	10	ratio	ratio	NOUN
ajeer-262	188	11	,	,	PUNCT
ajeer-262	188	12	1	1	NUM
ajeer-262	188	13	1	1	NUM
ajeer-262	188	14	(	(	PUNCT
ajeer-262	188	15	)	)	PUNCT
ajeer-262	188	16	k	k	PROPN
ajeer-262	188	17	t	t	PROPN
ajeer-262	188	18	t	t	PROPN
ajeer-262	188	19	f	f	PROPN
ajeer-262	188	20	t	t	PROPN
ajeer-262	188	21	e	e	NOUN
ajeer-262	188	22	r	r	NOUN
ajeer-262	188	23	r	r	NOUN
ajeer-262	188	24			NOUN
ajeer-262	188	25			ADV
ajeer-262	188	26	,	,	PUNCT
ajeer-262	188	27	if	if	SCONJ
ajeer-262	188	28	this	this	DET
ajeer-262	188	29	ratio	ratio	NOUN
ajeer-262	188	30	exceeds	exceed	VERB
ajeer-262	188	31	unity	unity	NOUN
ajeer-262	188	32	,	,	PUNCT
ajeer-262	188	33	the	the	DET
ajeer-262	188	34	first	first	ADJ
ajeer-262	188	35	order	order	NOUN
ajeer-262	188	36	conditions	condition	NOUN
ajeer-262	188	37	of	of	ADP
ajeer-262	188	38	the	the	DET
ajeer-262	188	39	contracting	contracting	NOUN
ajeer-262	188	40	problem	problem	NOUN
ajeer-262	188	41	produces	produce	VERB
ajeer-262	188	42	the	the	DET
ajeer-262	188	43	following	follow	VERB
ajeer-262	188	44	relationship	relationship	NOUN
ajeer-262	188	45	between	between	ADP
ajeer-262	188	46	1	1	NUM
ajeer-262	188	47	1	1	NUM
ajeer-262	188	48	j	j	NOUN
ajeer-262	188	49	t	t	PROPN
ajeer-262	188	50	t	t	PROPN
ajeer-262	188	51	j	j	PROPN
ajeer-262	188	52	t	t	PROPN
ajeer-262	188	53	q	q	PROPN
ajeer-262	188	54	k	k	PROPN
ajeer-262	188	55	n	n	PROPN
ajeer-262	188	56			ADV
ajeer-262	188	57			VERB
ajeer-262	188	58	and	and	CCONJ
ajeer-262	188	59	the	the	DET
ajeer-262	188	60	expected	expect	VERB
ajeer-262	188	61	return	return	NOUN
ajeer-262	188	62	to	to	ADP
ajeer-262	188	63	capital	capital	NOUN
ajeer-262	188	64	:	:	PUNCT
ajeer-262	188	65	1	1	NUM
ajeer-262	188	66	1	1	NUM
ajeer-262	188	67	1	1	NUM
ajeer-262	188	68	1	1	NUM
ajeer-262	188	69	(	(	PUNCT
ajeer-262	188	70	)	)	PUNCT
ajeer-262	189	1	j	j	PROPN
ajeer-262	190	1	k	k	PROPN
ajeer-262	190	2	t	t	PROPN
ajeer-262	190	3	t	t	PROPN
ajeer-262	190	4	t	t	PROPN
ajeer-262	190	5	t	t	PROPN
ajeer-262	191	1	j	j	PROPN
ajeer-262	191	2	f	f	PROPN
ajeer-262	191	3	t	t	PROPN
ajeer-262	191	4	t	t	PROPN
ajeer-262	191	5	q	q	PROPN
ajeer-262	191	6	k	k	PROPN
ajeer-262	191	7	e	e	PROPN
ajeer-262	191	8	r	r	NOUN
ajeer-262	191	9	n	n	ADP
ajeer-262	191	10	r	r	NOUN
ajeer-262	191	11			ADV
ajeer-262	191	12			PROPN
ajeer-262	191	13			PROPN
ajeer-262	191	14			PUNCT
ajeer-262	191	15			NOUN
ajeer-262	191	16			PROPN
ajeer-262	191	17			NUM
ajeer-262	191	18			PROPN
ajeer-262	191	19			PROPN
ajeer-262	191	20			NOUN
ajeer-262	191	21	,	,	PUNCT
ajeer-262	191	22	(	(	PUNCT
ajeer-262	191	23	3	3	X
ajeer-262	191	24	)	)	PUNCT
ajeer-262	192	1	where	where	SCONJ
ajeer-262	192	2	(	(	PUNCT
ajeer-262	192	3	.	.	PUNCT
ajeer-262	192	4	)	)	PUNCT
ajeer-262	193	1	0	0	PROPN
ajeer-262	193	2			PROPN
ajeer-262	193	3	and	and	CCONJ
ajeer-262	193	4	(	(	PUNCT
ajeer-262	193	5	.	.	PUNCT
ajeer-262	193	6	)	)	PUNCT
ajeer-262	194	1	0	0	NUM
ajeer-262	194	2			INTJ
ajeer-262	194	3	.	.	PUNCT
ajeer-262	195	1	this	this	PRON
ajeer-262	195	2	implies	imply	VERB
ajeer-262	195	3	that	that	SCONJ
ajeer-262	195	4	the	the	DET
ajeer-262	195	5	entrepreneur	entrepreneur	NOUN
ajeer-262	195	6	incurs	incur	VERB
ajeer-262	195	7	capital	capital	NOUN
ajeer-262	195	8	expenditures	expenditure	NOUN
ajeer-262	195	9	that	that	PRON
ajeer-262	195	10	are	be	AUX
ajeer-262	195	11	proportional	proportional	ADJ
ajeer-262	195	12	to	to	ADP
ajeer-262	195	13	their	their	PRON
ajeer-262	195	14	net	net	ADJ
ajeer-262	195	15	worth	worth	NOUN
ajeer-262	195	16	,	,	PUNCT
ajeer-262	195	17	with	with	ADP
ajeer-262	195	18	a	a	DET
ajeer-262	195	19	proportionality	proportionality	NOUN
ajeer-262	195	20	factor	factor	NOUN
ajeer-262	195	21	that	that	PRON
ajeer-262	195	22	is	be	AUX
ajeer-262	195	23	positively	positively	ADV
ajeer-262	195	24	correlated	correlate	VERB
ajeer-262	195	25	with	with	ADP
ajeer-262	195	26	the	the	DET
ajeer-262	195	27	expected	expect	VERB
ajeer-262	195	28	return	return	NOUN
ajeer-262	195	29	to	to	ADP
ajeer-262	195	30	capital	capital	NOUN
ajeer-262	195	31	.	.	PUNCT
ajeer-262	196	1	thus	thus	ADV
ajeer-262	196	2	the	the	DET
ajeer-262	196	3	probability	probability	NOUN
ajeer-262	196	4	of	of	ADP
ajeer-262	196	5	default	default	NOUN
ajeer-262	196	6	should	should	AUX
ajeer-262	196	7	fall	fall	VERB
ajeer-262	196	8	with	with	ADP
ajeer-262	196	9	a	a	DET
ajeer-262	196	10	rise	rise	NOUN
ajeer-262	196	11	in	in	ADP
ajeer-262	196	12	the	the	DET
ajeer-262	196	13	discounted	discount	VERB
ajeer-262	196	14	return	return	NOUN
ajeer-262	196	15	to	to	ADP
ajeer-262	196	16	capital	capital	NOUN
ajeer-262	196	17	.	.	PUNCT
ajeer-262	197	1	the	the	DET
ajeer-262	197	2	decline	decline	NOUN
ajeer-262	197	3	in	in	ADP
ajeer-262	197	4	the	the	DET
ajeer-262	197	5	specter	specter	NOUN
ajeer-262	197	6	of	of	ADP
ajeer-262	197	7	bankruptcy	bankruptcy	NOUN
ajeer-262	197	8	enables	enable	VERB
ajeer-262	197	9	the	the	DET
ajeer-262	197	10	firm	firm	NOUN
ajeer-262	197	11	to	to	PART
ajeer-262	197	12	take	take	VERB
ajeer-262	197	13	on	on	ADP
ajeer-262	197	14	more	more	ADJ
ajeer-262	197	15	loans	loan	NOUN
ajeer-262	197	16	and	and	CCONJ
ajeer-262	197	17	expand	expand	VERB
ajeer-262	197	18	its	its	PRON
ajeer-262	197	19	operation	operation	NOUN
ajeer-262	197	20	.	.	PUNCT
ajeer-262	198	1	however	however	ADV
ajeer-262	198	2	,	,	PUNCT
ajeer-262	198	3	future	future	ADJ
ajeer-262	198	4	default	default	NOUN
ajeer-262	198	5	costs	cost	NOUN
ajeer-262	198	6	rise	rise	VERB
ajeer-262	198	7	with	with	ADP
ajeer-262	198	8	the	the	DET
ajeer-262	198	9	leverage	leverage	NOUN
ajeer-262	198	10	ratio	ratio	NOUN
ajeer-262	198	11	and	and	CCONJ
ajeer-262	198	12	this	this	PRON
ajeer-262	198	13	limits	limit	VERB
ajeer-262	198	14	the	the	DET
ajeer-262	198	15	ability	ability	NOUN
ajeer-262	198	16	of	of	ADP
ajeer-262	198	17	borrowers	borrower	NOUN
ajeer-262	198	18	to	to	PART
ajeer-262	198	19	expand	expand	VERB
ajeer-262	198	20	investments	investment	NOUN
ajeer-262	198	21	indefinitely	indefinitely	ADV
ajeer-262	198	22	.	.	PUNCT
ajeer-262	199	1	reformulating	reformulate	VERB
ajeer-262	199	2	the	the	DET
ajeer-262	199	3	preceding	precede	VERB
ajeer-262	199	4	relationship	relationship	NOUN
ajeer-262	199	5	in	in	ADP
ajeer-262	199	6	aggregated	aggregated	ADJ
ajeer-262	199	7	form	form	NOUN
ajeer-262	199	8	(	(	PUNCT
ajeer-262	199	9	over	over	ADP
ajeer-262	199	10	firms	firm	NOUN
ajeer-262	199	11	)	)	PUNCT
ajeer-262	199	12	we	we	PRON
ajeer-262	199	13	get	get	VERB
ajeer-262	199	14	:	:	PUNCT
ajeer-262	199	15	1	1	NUM
ajeer-262	199	16	1	1	NUM
ajeer-262	199	17	1	1	NUM
ajeer-262	199	18	1	1	NUM
ajeer-262	199	19	(	(	PUNCT
ajeer-262	199	20	)	)	PUNCT
ajeer-262	199	21	,	,	PUNCT
ajeer-262	200	1	k	k	PROPN
ajeer-262	200	2	t	t	PROPN
ajeer-262	200	3	t	t	PROPN
ajeer-262	200	4	t	t	PROPN
ajeer-262	200	5	t	t	PROPN
ajeer-262	201	1	f	f	PROPN
ajeer-262	201	2	t	t	PROPN
ajeer-262	201	3	t	t	PROPN
ajeer-262	201	4	q	q	PROPN
ajeer-262	201	5	k	k	PROPN
ajeer-262	201	6	e	e	PROPN
ajeer-262	201	7	r	r	NOUN
ajeer-262	201	8	n	n	ADP
ajeer-262	201	9	r	r	NOUN
ajeer-262	201	10			ADV
ajeer-262	201	11			PROPN
ajeer-262	201	12			PROPN
ajeer-262	201	13			PUNCT
ajeer-262	201	14			NOUN
ajeer-262	201	15			PROPN
ajeer-262	201	16			NUM
ajeer-262	201	17			PROPN
ajeer-262	201	18			ADJ
ajeer-262	201	19			NOUN
ajeer-262	201	20	(	(	PUNCT
ajeer-262	201	21	4	4	NUM
ajeer-262	201	22	)	)	PUNCT
ajeer-262	201	23	where	where	SCONJ
ajeer-262	201	24	1tk	1tk	NOUN
ajeer-262	201	25			PUNCT
ajeer-262	201	26	represents	represent	VERB
ajeer-262	201	27	the	the	DET
ajeer-262	201	28	aggregate	aggregate	ADJ
ajeer-262	201	29	stock	stock	NOUN
ajeer-262	201	30	of	of	ADP
ajeer-262	201	31	capital	capital	NOUN
ajeer-262	201	32	bought	buy	VERB
ajeer-262	201	33	by	by	ADP
ajeer-262	201	34	all	all	DET
ajeer-262	201	35	entrepreneurial	entrepreneurial	ADJ
ajeer-262	201	36	firms	firm	NOUN
ajeer-262	201	37	at	at	ADP
ajeer-262	201	38	time	time	NOUN
ajeer-262	201	39	t	t	PROPN
ajeer-262	201	40	,	,	PUNCT
ajeer-262	201	41	and	and	CCONJ
ajeer-262	201	42	1tn	1tn	NOUN
ajeer-262	201	43			ADV
ajeer-262	201	44	is	be	AUX
ajeer-262	201	45	their	their	PRON
ajeer-262	201	46	aggregate	aggregate	ADJ
ajeer-262	201	47	equity	equity	NOUN
ajeer-262	201	48	or	or	CCONJ
ajeer-262	201	49	net	net	ADJ
ajeer-262	201	50	worth	worth	NOUN
ajeer-262	201	51	.	.	PUNCT
ajeer-262	202	1	1	1	NUM
ajeer-262	202	2	1	1	NUM
ajeer-262	202	3	1	1	NUM
ajeer-262	202	4	1	1	NUM
ajeer-262	202	5	(	(	PUNCT
ajeer-262	202	6	)	)	PUNCT
ajeer-262	202	7	,	,	PUNCT
ajeer-262	202	8	k	k	PROPN
ajeer-262	202	9	t	t	PROPN
ajeer-262	202	10	t	t	PROPN
ajeer-262	202	11	t	t	PROPN
ajeer-262	202	12	t	t	PROPN
ajeer-262	203	1	f	f	PROPN
ajeer-262	203	2	t	t	PROPN
ajeer-262	203	3	t	t	X
ajeer-262	203	4	e	e	PROPN
ajeer-262	203	5	r	r	NOUN
ajeer-262	203	6	q	q	PROPN
ajeer-262	203	7	k	k	NOUN
ajeer-262	203	8	r	r	NOUN
ajeer-262	203	9	n	n	CCONJ
ajeer-262	203	10			NOUN
ajeer-262	203	11			ADV
ajeer-262	203	12			PUNCT
ajeer-262	203	13			PUNCT
ajeer-262	203	14			NOUN
ajeer-262	203	15			PROPN
ajeer-262	204	1			PROPN
ajeer-262	205	1			PROPN
ajeer-262	205	2			PROPN
ajeer-262	206	1			PROPN
ajeer-262	206	2			NOUN
ajeer-262	206	3	(	(	PUNCT
ajeer-262	206	4	5	5	NUM
ajeer-262	206	5	)	)	PUNCT
ajeer-262	206	6	where	where	SCONJ
ajeer-262	206	7	(	(	PUNCT
ajeer-262	206	8	.)	.)	PROPN
ajeer-262	206	9	is	be	AUX
ajeer-262	206	10	increasing	increase	VERB
ajeer-262	206	11	in	in	ADP
ajeer-262	206	12	1	1	NUM
ajeer-262	206	13	1	1	NUM
ajeer-262	206	14	t	t	NOUN
ajeer-262	206	15	t	t	NOUN
ajeer-262	206	16	t	t	PROPN
ajeer-262	206	17	q	q	PROPN
ajeer-262	206	18	k	k	PROPN
ajeer-262	206	19	n	n	PROPN
ajeer-262	206	20			ADV
ajeer-262	206	21			VERB
ajeer-262	206	22	for	for	ADP
ajeer-262	206	23	1	1	NUM
ajeer-262	206	24	1	1	NUM
ajeer-262	206	25	t	t	NOUN
ajeer-262	206	26	t	t	PROPN
ajeer-262	206	27	tn	tn	PROPN
ajeer-262	206	28	q	q	PROPN
ajeer-262	206	29	k	k	PROPN
ajeer-262	206	30			PROPN
ajeer-262	206	31	.	.	PUNCT
ajeer-262	207	1	consequently	consequently	ADV
ajeer-262	207	2	,	,	PUNCT
ajeer-262	207	3	in	in	ADP
ajeer-262	207	4	equilibrium	equilibrium	NOUN
ajeer-262	207	5	,	,	PUNCT
ajeer-262	207	6	the	the	DET
ajeer-262	207	7	expected	expect	VERB
ajeer-262	207	8	discounted	discount	VERB
ajeer-262	207	9	return	return	NOUN
ajeer-262	207	10	to	to	ADP
ajeer-262	207	11	capital	capital	NOUN
ajeer-262	207	12	,	,	PUNCT
ajeer-262	207	13	1	1	NUM
ajeer-262	207	14	1	1	NUM
ajeer-262	207	15	(	(	PUNCT
ajeer-262	207	16	)	)	PUNCT
ajeer-262	207	17	k	k	PROPN
ajeer-262	207	18	t	t	PROPN
ajeer-262	207	19	t	t	PROPN
ajeer-262	207	20	f	f	PROPN
ajeer-262	207	21	t	t	PROPN
ajeer-262	207	22	e	e	NOUN
ajeer-262	207	23	r	r	NOUN
ajeer-262	207	24	r	r	NOUN
ajeer-262	207	25			NOUN
ajeer-262	207	26			ADV
ajeer-262	207	27	,	,	PUNCT
ajeer-262	207	28	evolves	evolve	VERB
ajeer-262	207	29	inversely	inversely	ADV
ajeer-262	207	30	with	with	ADP
ajeer-262	207	31	the	the	DET
ajeer-262	207	32	volume	volume	NOUN
ajeer-262	207	33	of	of	ADP
ajeer-262	207	34	capital	capital	NOUN
ajeer-262	207	35	expenditure	expenditure	NOUN
ajeer-262	207	36	financed	finance	VERB
ajeer-262	207	37	by	by	ADP
ajeer-262	207	38	the	the	DET
ajeer-262	207	39	firms	firm	NOUN
ajeer-262	207	40	‘	'	PUNCT
ajeer-262	207	41	net	net	ADJ
ajeer-262	207	42	asian	asian	ADJ
ajeer-262	207	43	journal	journal	NOUN
ajeer-262	207	44	of	of	ADP
ajeer-262	207	45	economics	economic	NOUN
ajeer-262	207	46	and	and	CCONJ
ajeer-262	207	47	empirical	empirical	ADJ
ajeer-262	207	48	research	research	NOUN
ajeer-262	207	49	,	,	PUNCT
ajeer-262	207	50	2019	2019	NUM
ajeer-262	207	51	,	,	PUNCT
ajeer-262	207	52	6(1	6(1	NUM
ajeer-262	207	53	):	):	PUNCT
ajeer-262	207	54	16	16	NUM
ajeer-262	207	55	-	-	SYM
ajeer-262	207	56	26	26	NUM
ajeer-262	207	57	21	21	NUM
ajeer-262	207	58	©	©	PROPN
ajeer-262	207	59	2019	2019	NUM
ajeer-262	207	60	by	by	ADP
ajeer-262	207	61	the	the	DET
ajeer-262	207	62	authors	author	NOUN
ajeer-262	207	63	;	;	PUNCT
ajeer-262	207	64	licensee	licensee	PROPN
ajeer-262	207	65	asian	asian	ADJ
ajeer-262	207	66	online	online	PROPN
ajeer-262	207	67	journal	journal	PROPN
ajeer-262	207	68	publishing	publishing	NOUN
ajeer-262	207	69	group	group	PROPN
ajeer-262	207	70	worth	worth	ADJ
ajeer-262	207	71	.	.	PUNCT
ajeer-262	208	1	1	1	NUM
ajeer-262	208	2	1	1	NUM
ajeer-262	208	3	(	(	PUNCT
ajeer-262	208	4	)	)	PUNCT
ajeer-262	208	5	k	k	PROPN
ajeer-262	208	6	t	t	PROPN
ajeer-262	208	7	t	t	PROPN
ajeer-262	209	1	f	f	PROPN
ajeer-262	209	2	t	t	PROPN
ajeer-262	209	3	e	e	NOUN
ajeer-262	209	4	r	r	NOUN
ajeer-262	209	5	r	r	NOUN
ajeer-262	209	6			X
ajeer-262	209	7			PUNCT
ajeer-262	209	8	is	be	AUX
ajeer-262	209	9	what	what	PRON
ajeer-262	209	10	has	have	AUX
ajeer-262	209	11	been	be	AUX
ajeer-262	209	12	referred	refer	VERB
ajeer-262	209	13	to	to	ADP
ajeer-262	209	14	as	as	ADP
ajeer-262	209	15	external	external	ADJ
ajeer-262	209	16	finance	finance	NOUN
ajeer-262	209	17	premium	premium	NOUN
ajeer-262	209	18	in	in	ADP
ajeer-262	209	19	bernanke	bernanke	PROPN
ajeer-262	209	20	et	et	PROPN
ajeer-262	209	21	al	al	PROPN
ajeer-262	209	22	.	.	PUNCT
ajeer-262	210	1	(	(	PUNCT
ajeer-262	210	2	1999	1999	NUM
ajeer-262	210	3	)	)	PUNCT
ajeer-262	210	4	faced	face	VERB
ajeer-262	210	5	by	by	ADP
ajeer-262	210	6	entrepreneurs	entrepreneur	NOUN
ajeer-262	210	7	.	.	PUNCT
ajeer-262	211	1	3.1.1	3.1.1	X
ajeer-262	211	2	.	.	PUNCT
ajeer-262	211	3	entrepreneurial	entrepreneurial	ADJ
ajeer-262	211	4	net	net	ADJ
ajeer-262	211	5	worth	worth	ADJ
ajeer-262	211	6	entrepreneurs	entrepreneur	NOUN
ajeer-262	211	7	build	build	VERB
ajeer-262	211	8	their	their	PRON
ajeer-262	211	9	net	net	ADJ
ajeer-262	211	10	worth	worth	NOUN
ajeer-262	211	11	based	base	VERB
ajeer-262	211	12	on	on	ADP
ajeer-262	211	13	accumulated	accumulate	VERB
ajeer-262	211	14	retained	retain	VERB
ajeer-262	211	15	earnings	earning	NOUN
ajeer-262	211	16	from	from	ADP
ajeer-262	211	17	past	past	ADJ
ajeer-262	211	18	capital	capital	NOUN
ajeer-262	211	19	investments	investment	NOUN
ajeer-262	211	20	and	and	CCONJ
ajeer-262	211	21	wage	wage	NOUN
ajeer-262	211	22	compensation	compensation	NOUN
ajeer-262	211	23	from	from	ADP
ajeer-262	211	24	supplying	supply	VERB
ajeer-262	211	25	labor	labor	NOUN
ajeer-262	211	26	.	.	PUNCT
ajeer-262	212	1	as	as	ADP
ajeer-262	212	2	a	a	DET
ajeer-262	212	3	technical	technical	ADJ
ajeer-262	212	4	requirement	requirement	NOUN
ajeer-262	212	5	,	,	PUNCT
ajeer-262	212	6	we	we	PRON
ajeer-262	212	7	allow	allow	VERB
ajeer-262	212	8	entrepreneurs	entrepreneur	NOUN
ajeer-262	212	9	to	to	PART
ajeer-262	212	10	start	start	VERB
ajeer-262	212	11	with	with	ADP
ajeer-262	212	12	some	some	DET
ajeer-262	212	13	net	net	ADJ
ajeer-262	212	14	worth	worth	NOUN
ajeer-262	212	15	to	to	PART
ajeer-262	212	16	begin	begin	VERB
ajeer-262	212	17	their	their	PRON
ajeer-262	212	18	operations	operation	NOUN
ajeer-262	212	19	.	.	PUNCT
ajeer-262	213	1	moreover	moreover	ADV
ajeer-262	213	2	,	,	PUNCT
ajeer-262	213	3	we	we	PRON
ajeer-262	213	4	assume	assume	VERB
ajeer-262	213	5	that	that	SCONJ
ajeer-262	213	6	the	the	DET
ajeer-262	213	7	fraction	fraction	NOUN
ajeer-262	213	8	of	of	ADP
ajeer-262	213	9	the	the	DET
ajeer-262	213	10	population	population	NOUN
ajeer-262	213	11	who	who	PRON
ajeer-262	213	12	are	be	AUX
ajeer-262	213	13	entrepreneurs	entrepreneur	NOUN
ajeer-262	213	14	remains	remain	VERB
ajeer-262	213	15	constant	constant	ADJ
ajeer-262	213	16	over	over	ADP
ajeer-262	213	17	time	time	NOUN
ajeer-262	213	18	:	:	PUNCT
ajeer-262	213	19	in	in	ADP
ajeer-262	213	20	every	every	DET
ajeer-262	213	21	period	period	NOUN
ajeer-262	213	22	the	the	DET
ajeer-262	213	23	number	number	NOUN
ajeer-262	213	24	of	of	ADP
ajeer-262	213	25	firms	firm	NOUN
ajeer-262	213	26	entering	enter	VERB
ajeer-262	213	27	the	the	DET
ajeer-262	213	28	market	market	NOUN
ajeer-262	213	29	is	be	AUX
ajeer-262	213	30	equal	equal	ADJ
ajeer-262	213	31	to	to	ADP
ajeer-262	213	32	the	the	DET
ajeer-262	213	33	number	number	NOUN
ajeer-262	213	34	of	of	ADP
ajeer-262	213	35	firms	firm	NOUN
ajeer-262	213	36	going	go	VERB
ajeer-262	213	37	out	out	ADP
ajeer-262	213	38	of	of	ADP
ajeer-262	213	39	the	the	DET
ajeer-262	213	40	market	market	NOUN
ajeer-262	213	41	.	.	PUNCT
ajeer-262	214	1	let	let	VERB
ajeer-262	214	2	tv	tv	NOUN
ajeer-262	214	3	be	be	AUX
ajeer-262	214	4	the	the	DET
ajeer-262	214	5	entrepreneurs	entrepreneur	NOUN
ajeer-262	214	6	‘	‘	PART
ajeer-262	214	7	total	total	ADJ
ajeer-262	214	8	net	net	ADJ
ajeer-262	214	9	worth	worth	NOUN
ajeer-262	214	10	accumulated	accumulate	VERB
ajeer-262	214	11	from	from	ADP
ajeer-262	214	12	business	business	NOUN
ajeer-262	214	13	operations	operation	NOUN
ajeer-262	214	14	,	,	PUNCT
ajeer-262	214	15	then	then	ADV
ajeer-262	214	16	normalizing	normalize	VERB
ajeer-262	214	17	the	the	DET
ajeer-262	214	18	entrepreneurial	entrepreneurial	ADJ
ajeer-262	214	19	work	work	NOUN
ajeer-262	214	20	hour	hour	NOUN
ajeer-262	214	21	to	to	ADP
ajeer-262	214	22	unity	unity	NOUN
ajeer-262	214	23	we	we	PRON
ajeer-262	214	24	have	have	VERB
ajeer-262	214	25	:	:	PUNCT
ajeer-262	214	26	1	1	NUM
ajeer-262	214	27	e	e	X
ajeer-262	214	28	t	t	PROPN
ajeer-262	214	29	t	t	PROPN
ajeer-262	214	30	tn	tn	PROPN
ajeer-262	214	31	v	v	PROPN
ajeer-262	214	32	w	w	PROPN
ajeer-262	214	33			PROPN
ajeer-262	214	34			PUNCT
ajeer-262	214	35	(	(	PUNCT
ajeer-262	214	36	6	6	NUM
ajeer-262	214	37	)	)	PUNCT
ajeer-262	214	38	where	where	SCONJ
ajeer-262	214	39	e	e	NOUN
ajeer-262	214	40	tw	tw	PROPN
ajeer-262	214	41	captures	capture	VERB
ajeer-262	214	42	the	the	DET
ajeer-262	214	43	wage	wage	NOUN
ajeer-262	214	44	income	income	NOUN
ajeer-262	214	45	to	to	ADP
ajeer-262	214	46	entrepreneurs	entrepreneur	NOUN
ajeer-262	214	47	and	and	CCONJ
ajeer-262	214	48			PROPN
ajeer-262	214	49	is	be	AUX
ajeer-262	214	50	the	the	DET
ajeer-262	214	51	chance	chance	NOUN
ajeer-262	214	52	that	that	SCONJ
ajeer-262	214	53	the	the	DET
ajeer-262	214	54	specific	specific	ADJ
ajeer-262	214	55	entrepreneur	entrepreneur	NOUN
ajeer-262	214	56	survives	survive	VERB
ajeer-262	214	57	to	to	ADP
ajeer-262	214	58	the	the	DET
ajeer-262	214	59	next	next	ADJ
ajeer-262	214	60	period	period	NOUN
ajeer-262	214	61	.	.	PUNCT
ajeer-262	215	1	to	to	PART
ajeer-262	215	2	rule	rule	VERB
ajeer-262	215	3	out	out	ADP
ajeer-262	215	4	the	the	DET
ajeer-262	215	5	possibility	possibility	NOUN
ajeer-262	215	6	that	that	SCONJ
ajeer-262	215	7	firms	firm	NOUN
ajeer-262	215	8	build	build	VERB
ajeer-262	215	9	sufficient	sufficient	ADJ
ajeer-262	215	10	net	net	ADJ
ajeer-262	215	11	worth	worth	NOUN
ajeer-262	215	12	to	to	PART
ajeer-262	215	13	be	be	AUX
ajeer-262	215	14	fully	fully	ADV
ajeer-262	215	15	self	self	NOUN
ajeer-262	215	16	financed	finance	VERB
ajeer-262	215	17	,	,	PUNCT
ajeer-262	215	18	we	we	PRON
ajeer-262	215	19	assume	assume	VERB
ajeer-262	215	20	that	that	SCONJ
ajeer-262	215	21	those	those	DET
ajeer-262	215	22	firms	firm	NOUN
ajeer-262	215	23	are	be	AUX
ajeer-262	215	24	active	active	ADJ
ajeer-262	215	25	for	for	ADP
ajeer-262	215	26	finite	finite	ADJ
ajeer-262	215	27	horizons	horizon	NOUN
ajeer-262	215	28	.	.	PUNCT
ajeer-262	216	1	note	note	VERB
ajeer-262	216	2	the	the	DET
ajeer-262	216	3	equilibrium	equilibrium	NOUN
ajeer-262	216	4	value	value	NOUN
ajeer-262	216	5	of	of	ADP
ajeer-262	216	6	tv	tv	NOUN
ajeer-262	216	7	can	can	AUX
ajeer-262	216	8	be	be	AUX
ajeer-262	216	9	cast	cast	VERB
ajeer-262	216	10	as	as	ADP
ajeer-262	216	11	a	a	DET
ajeer-262	216	12	function	function	NOUN
ajeer-262	216	13	of	of	ADP
ajeer-262	216	14	the	the	DET
ajeer-262	216	15	variables	variable	NOUN
ajeer-262	216	16	from	from	ADP
ajeer-262	216	17	the	the	DET
ajeer-262	216	18	financial	financial	ADJ
ajeer-262	216	19	contract	contract	NOUN
ajeer-262	216	20	as	as	ADP
ajeer-262	216	21	:	:	SYM
ajeer-262	216	22	1	1	NUM
ajeer-262	216	23	1	1	NUM
ajeer-262	216	24	1	1	NUM
ajeer-262	216	25	(	(	PUNCT
ajeer-262	216	26	)	)	PUNCT
ajeer-262	216	27	(	(	PUNCT
ajeer-262	216	28	)	)	PUNCT
ajeer-262	217	1	,	,	PUNCT
ajeer-262	217	2	k	k	PROPN
ajeer-262	217	3	f	f	PROPN
ajeer-262	217	4	k	k	PROPN
ajeer-262	217	5	t	t	PROPN
ajeer-262	217	6	t	t	PROPN
ajeer-262	217	7	t	t	PROPN
ajeer-262	217	8	t	t	PROPN
ajeer-262	217	9	t	t	PROPN
ajeer-262	217	10	t	t	PROPN
ajeer-262	217	11	t	t	PROPN
ajeer-262	217	12	t	t	PROPN
ajeer-262	217	13	t	t	PROPN
ajeer-262	217	14	t	t	PROPN
ajeer-262	217	15	tv	tv	NOUN
ajeer-262	217	16	r	r	NOUN
ajeer-262	217	17	q	q	NOUN
ajeer-262	218	1	k	k	NOUN
ajeer-262	218	2	r	r	NOUN
ajeer-262	218	3	q	q	PROPN
ajeer-262	218	4	k	k	PROPN
ajeer-262	218	5	n	n	CCONJ
ajeer-262	218	6	r	r	NOUN
ajeer-262	218	7	q	q	PROPN
ajeer-262	218	8	k	k	PROPN
ajeer-262	218	9			PART
ajeer-262	218	10			PROPN
ajeer-262	218	11			ADJ
ajeer-262	218	12			PROPN
ajeer-262	218	13			PROPN
ajeer-262	218	14			PROPN
ajeer-262	218	15			PROPN
ajeer-262	218	16	(	(	PUNCT
ajeer-262	218	17	7	7	NUM
ajeer-262	218	18	)	)	PUNCT
ajeer-262	218	19	where	where	SCONJ
ajeer-262	218	20	1	1	NUM
ajeer-262	218	21	(	(	PUNCT
ajeer-262	218	22	)	)	PUNCT
ajeer-262	218	23	k	k	PROPN
ajeer-262	218	24	t	t	PROPN
ajeer-262	218	25	t	t	PROPN
ajeer-262	218	26	t	t	PROPN
ajeer-262	218	27	tr	tr	NOUN
ajeer-262	218	28	q	q	NOUN
ajeer-262	218	29	k	k	NOUN
ajeer-262	218	30			PROPN
ajeer-262	218	31			PROPN
ajeer-262	218	32	represent	represent	VERB
ajeer-262	218	33	the	the	DET
ajeer-262	218	34	total	total	ADJ
ajeer-262	218	35	default	default	NOUN
ajeer-262	218	36	monitoring	monitoring	NOUN
ajeer-262	218	37	costs	cost	NOUN
ajeer-262	218	38	and	and	CCONJ
ajeer-262	218	39	0	0	NUM
ajeer-262	218	40	(	(	PUNCT
ajeer-262	218	41	)	)	PUNCT
ajeer-262	218	42	(	(	PUNCT
ajeer-262	218	43	)	)	PUNCT
ajeer-262	218	44	.	.	PUNCT
ajeer-262	219	1	t	t	PROPN
ajeer-262	219	2	j	j	PROPN
ajeer-262	219	3	t	t	PROPN
ajeer-262	219	4	t	t	PROPN
ajeer-262	220	1	f	f	PROPN
ajeer-262	221	1	d	d	X
ajeer-262	221	2			X
ajeer-262	221	3			X
ajeer-262	221	4			X
ajeer-262	221	5			X
ajeer-262	221	6			PROPN
ajeer-262	221	7			NUM
ajeer-262	221	8			PUNCT
ajeer-262	221	9	equations	equation	NOUN
ajeer-262	221	10	(	(	PUNCT
ajeer-262	221	11	6	6	NUM
ajeer-262	221	12	)	)	PUNCT
ajeer-262	221	13	and	and	CCONJ
ajeer-262	221	14	(	(	PUNCT
ajeer-262	221	15	7	7	X
ajeer-262	221	16	)	)	PUNCT
ajeer-262	221	17	indicate	indicate	VERB
ajeer-262	221	18	that	that	SCONJ
ajeer-262	221	19	the	the	DET
ajeer-262	221	20	net	net	ADJ
ajeer-262	221	21	worth	worth	NOUN
ajeer-262	221	22	of	of	ADP
ajeer-262	221	23	firms	firm	NOUN
ajeer-262	221	24	is	be	AUX
ajeer-262	221	25	influenced	influence	VERB
ajeer-262	221	26	by	by	ADP
ajeer-262	221	27	their	their	PRON
ajeer-262	221	28	earnings	earning	NOUN
ajeer-262	221	29	net	net	NOUN
ajeer-262	221	30	of	of	ADP
ajeer-262	221	31	interest	interest	NOUN
ajeer-262	221	32	expenses	expense	NOUN
ajeer-262	221	33	to	to	ADP
ajeer-262	221	34	the	the	DET
ajeer-262	221	35	bankers	banker	NOUN
ajeer-262	221	36	.	.	PUNCT
ajeer-262	222	1	entrepreneurs	entrepreneur	NOUN
ajeer-262	222	2	that	that	PRON
ajeer-262	222	3	exit	exit	NOUN
ajeer-262	222	4	from	from	ADP
ajeer-262	222	5	the	the	DET
ajeer-262	222	6	market	market	NOUN
ajeer-262	222	7	in	in	ADP
ajeer-262	222	8	period	period	NOUN
ajeer-262	222	9	t	t	NOUN
ajeer-262	222	10	are	be	AUX
ajeer-262	222	11	not	not	PART
ajeer-262	222	12	allowed	allow	VERB
ajeer-262	222	13	to	to	PART
ajeer-262	222	14	purchase	purchase	VERB
ajeer-262	222	15	capital	capital	NOUN
ajeer-262	222	16	and	and	CCONJ
ajeer-262	222	17	simply	simply	ADV
ajeer-262	222	18	consume	consume	VERB
ajeer-262	222	19	their	their	PRON
ajeer-262	222	20	residual	residual	ADJ
ajeer-262	222	21	equity	equity	NOUN
ajeer-262	222	22	(	(	PUNCT
ajeer-262	222	23	1	1	NUM
ajeer-262	222	24	)	)	PUNCT
ajeer-262	222	25	tv	tv	NOUN
ajeer-262	223	1	:	:	PUNCT
ajeer-262	223	2	(	(	PUNCT
ajeer-262	223	3	1	1	X
ajeer-262	223	4	)	)	PUNCT
ajeer-262	223	5	e	e	NOUN
ajeer-262	223	6	t	t	PROPN
ajeer-262	223	7	tc	tc	PROPN
ajeer-262	223	8	v	v	PROPN
ajeer-262	223	9			PROPN
ajeer-262	223	10	,	,	PUNCT
ajeer-262	223	11	(	(	PUNCT
ajeer-262	223	12	8)	8)	NUM
ajeer-262	223	13	where	where	SCONJ
ajeer-262	223	14	e	e	X
ajeer-262	223	15	tc	tc	NOUN
ajeer-262	223	16	is	be	AUX
ajeer-262	223	17	the	the	DET
ajeer-262	223	18	total	total	ADJ
ajeer-262	223	19	consumption	consumption	NOUN
ajeer-262	223	20	of	of	ADP
ajeer-262	223	21	entrepreneurs	entrepreneur	NOUN
ajeer-262	223	22	that	that	PRON
ajeer-262	223	23	exit	exit	NOUN
ajeer-262	223	24	from	from	ADP
ajeer-262	223	25	the	the	DET
ajeer-262	223	26	market	market	NOUN
ajeer-262	223	27	.	.	PUNCT
ajeer-262	224	1	3.2	3.2	NUM
ajeer-262	224	2	.	.	PUNCT
ajeer-262	225	1	banks	bank	NOUN
ajeer-262	225	2	in	in	ADP
ajeer-262	225	3	our	our	PRON
ajeer-262	225	4	model	model	NOUN
ajeer-262	225	5	economy	economy	NOUN
ajeer-262	225	6	,	,	PUNCT
ajeer-262	225	7	the	the	DET
ajeer-262	225	8	financial	financial	ADJ
ajeer-262	225	9	industry	industry	NOUN
ajeer-262	225	10	is	be	AUX
ajeer-262	225	11	dominated	dominate	VERB
ajeer-262	225	12	by	by	ADP
ajeer-262	225	13	banks	bank	NOUN
ajeer-262	225	14	which	which	PRON
ajeer-262	225	15	function	function	VERB
ajeer-262	225	16	by	by	ADP
ajeer-262	225	17	mobilizing	mobilize	VERB
ajeer-262	225	18	household	household	NOUN
ajeer-262	225	19	funds	fund	NOUN
ajeer-262	225	20	and	and	CCONJ
ajeer-262	225	21	extending	extend	VERB
ajeer-262	225	22	loans	loan	NOUN
ajeer-262	225	23	to	to	ADP
ajeer-262	225	24	entrepreneurial	entrepreneurial	ADJ
ajeer-262	225	25	firms	firm	NOUN
ajeer-262	225	26	.	.	PUNCT
ajeer-262	226	1	in	in	ADP
ajeer-262	226	2	bernanke	bernanke	PROPN
ajeer-262	226	3	et	et	PROPN
ajeer-262	226	4	al	al	PROPN
ajeer-262	226	5	.	.	PUNCT
ajeer-262	226	6	(	(	PUNCT
ajeer-262	226	7	1999	1999	NUM
ajeer-262	226	8	)	)	PUNCT
ajeer-262	226	9	banks	bank	NOUN
ajeer-262	226	10	are	be	AUX
ajeer-262	226	11	only	only	ADV
ajeer-262	226	12	intermediaries	intermediary	NOUN
ajeer-262	226	13	and	and	CCONJ
ajeer-262	226	14	their	their	PRON
ajeer-262	226	15	operation	operation	NOUN
ajeer-262	226	16	is	be	AUX
ajeer-262	226	17	totally	totally	ADV
ajeer-262	226	18	insulated	insulate	VERB
ajeer-262	226	19	from	from	ADP
ajeer-262	226	20	aggregate	aggregate	ADJ
ajeer-262	226	21	risk	risk	NOUN
ajeer-262	226	22	or	or	CCONJ
ajeer-262	226	23	whatever	whatever	DET
ajeer-262	226	24	risk	risk	NOUN
ajeer-262	226	25	they	they	PRON
ajeer-262	226	26	face	face	VERB
ajeer-262	226	27	is	be	AUX
ajeer-262	226	28	diversified	diversify	VERB
ajeer-262	226	29	away	away	ADV
ajeer-262	226	30	.	.	PUNCT
ajeer-262	227	1	in	in	ADP
ajeer-262	227	2	our	our	PRON
ajeer-262	227	3	approach	approach	NOUN
ajeer-262	227	4	,	,	PUNCT
ajeer-262	227	5	for	for	ADP
ajeer-262	227	6	simplicity	simplicity	NOUN
ajeer-262	227	7	,	,	PUNCT
ajeer-262	227	8	lenders	lender	NOUN
ajeer-262	227	9	are	be	AUX
ajeer-262	227	10	exempt	exempt	ADJ
ajeer-262	227	11	from	from	ADP
ajeer-262	227	12	exogenous	exogenous	ADJ
ajeer-262	227	13	reserve	reserve	NOUN
ajeer-262	227	14	requirement	requirement	NOUN
ajeer-262	227	15	,	,	PUNCT
ajeer-262	227	16	but	but	CCONJ
ajeer-262	227	17	must	must	AUX
ajeer-262	227	18	satisfy	satisfy	VERB
ajeer-262	227	19	a	a	DET
ajeer-262	227	20	risk	risk	NOUN
ajeer-262	227	21	-	-	PUNCT
ajeer-262	227	22	based	base	VERB
ajeer-262	227	23	capital	capital	NOUN
ajeer-262	227	24	requirement	requirement	NOUN
ajeer-262	227	25	imposed	impose	VERB
ajeer-262	227	26	by	by	ADP
ajeer-262	227	27	the	the	DET
ajeer-262	227	28	regulatory	regulatory	ADJ
ajeer-262	227	29	regime	regime	NOUN
ajeer-262	227	30	.	.	PUNCT
ajeer-262	228	1	it	it	PRON
ajeer-262	228	2	is	be	AUX
ajeer-262	228	3	presumed	presume	VERB
ajeer-262	228	4	that	that	SCONJ
ajeer-262	228	5	banks	bank	NOUN
ajeer-262	228	6	are	be	AUX
ajeer-262	228	7	the	the	DET
ajeer-262	228	8	sole	sole	ADJ
ajeer-262	228	9	business	business	NOUN
ajeer-262	228	10	entities	entity	NOUN
ajeer-262	228	11	that	that	PRON
ajeer-262	228	12	issue	issue	VERB
ajeer-262	228	13	equity	equity	NOUN
ajeer-262	228	14	which	which	PRON
ajeer-262	228	15	rests	rest	VERB
ajeer-262	228	16	on	on	ADP
ajeer-262	228	17	households	household	NOUN
ajeer-262	228	18	‘	'	PUNCT
ajeer-262	228	19	willingness	willingness	NOUN
ajeer-262	228	20	and	and	CCONJ
ajeer-262	228	21	ability	ability	NOUN
ajeer-262	228	22	to	to	PART
ajeer-262	228	23	hold	hold	VERB
ajeer-262	228	24	capital	capital	NOUN
ajeer-262	228	25	in	in	ADP
ajeer-262	228	26	addition	addition	NOUN
ajeer-262	228	27	to	to	ADP
ajeer-262	228	28	deposits	deposit	NOUN
ajeer-262	228	29	.	.	PUNCT
ajeer-262	229	1	the	the	DET
ajeer-262	229	2	asset	asset	NOUN
ajeer-262	229	3	side	side	NOUN
ajeer-262	229	4	of	of	ADP
ajeer-262	229	5	the	the	DET
ajeer-262	229	6	bank	bank	NOUN
ajeer-262	229	7	balance	balance	NOUN
ajeer-262	229	8	sheet	sheet	NOUN
ajeer-262	229	9	reveals	reveal	VERB
ajeer-262	229	10	not	not	PART
ajeer-262	229	11	just	just	ADV
ajeer-262	229	12	loans	loan	NOUN
ajeer-262	229	13	to	to	ADP
ajeer-262	229	14	entrepreneurs	entrepreneur	NOUN
ajeer-262	229	15	,	,	PUNCT
ajeer-262	229	16	but	but	CCONJ
ajeer-262	229	17	also	also	ADV
ajeer-262	229	18	short	short	ADJ
ajeer-262	229	19	term	term	NOUN
ajeer-262	229	20	treasury	treasury	NOUN
ajeer-262	229	21	securities	security	NOUN
ajeer-262	229	22	.	.	PUNCT
ajeer-262	230	1	the	the	DET
ajeer-262	230	2	debt	debt	NOUN
ajeer-262	230	3	instruments	instrument	NOUN
ajeer-262	230	4	have	have	VERB
ajeer-262	230	5	zero	zero	NUM
ajeer-262	230	6	weight	weight	NOUN
ajeer-262	230	7	in	in	ADP
ajeer-262	230	8	the	the	DET
ajeer-262	230	9	risk	risk	NOUN
ajeer-262	230	10	-	-	PUNCT
ajeer-262	230	11	based	base	VERB
ajeer-262	230	12	capital	capital	NOUN
ajeer-262	230	13	assessment	assessment	NOUN
ajeer-262	230	14	as	as	SCONJ
ajeer-262	230	15	they	they	PRON
ajeer-262	230	16	entail	entail	VERB
ajeer-262	230	17	no	no	DET
ajeer-262	230	18	risk	risk	NOUN
ajeer-262	230	19	(	(	PUNCT
ajeer-262	230	20	the	the	DET
ajeer-262	230	21	fiscal	fiscal	ADJ
ajeer-262	230	22	sector	sector	NOUN
ajeer-262	230	23	is	be	AUX
ajeer-262	230	24	assumed	assume	VERB
ajeer-262	230	25	not	not	PART
ajeer-262	230	26	to	to	PART
ajeer-262	230	27	default	default	VERB
ajeer-262	230	28	on	on	ADP
ajeer-262	230	29	its	its	PRON
ajeer-262	230	30	obligations	obligation	NOUN
ajeer-262	230	31	)	)	PUNCT
ajeer-262	230	32	.	.	PUNCT
ajeer-262	231	1	a	a	DET
ajeer-262	231	2	special	special	ADJ
ajeer-262	231	3	characteristic	characteristic	ADJ
ajeer-262	231	4	feature	feature	NOUN
ajeer-262	231	5	of	of	ADP
ajeer-262	231	6	banks	bank	NOUN
ajeer-262	231	7	concerns	concern	VERB
ajeer-262	231	8	the	the	DET
ajeer-262	231	9	facility	facility	NOUN
ajeer-262	231	10	necessary	necessary	ADJ
ajeer-262	231	11	to	to	PART
ajeer-262	231	12	monitor	monitor	VERB
ajeer-262	231	13	and	and	CCONJ
ajeer-262	231	14	supervise	supervise	VERB
ajeer-262	231	15	the	the	DET
ajeer-262	231	16	activities	activity	NOUN
ajeer-262	231	17	of	of	ADP
ajeer-262	231	18	borrowers	borrower	NOUN
ajeer-262	231	19	.	.	PUNCT
ajeer-262	232	1	households	household	NOUN
ajeer-262	232	2	—	—	PUNCT
ajeer-262	232	3	who	who	PRON
ajeer-262	232	4	are	be	AUX
ajeer-262	232	5	the	the	DET
ajeer-262	232	6	major	major	ADJ
ajeer-262	232	7	bank	bank	NOUN
ajeer-262	232	8	shareholders	shareholder	NOUN
ajeer-262	232	9	—	—	PUNCT
ajeer-262	232	10	lack	lack	VERB
ajeer-262	232	11	this	this	DET
ajeer-262	232	12	facility	facility	NOUN
ajeer-262	232	13	and	and	CCONJ
ajeer-262	232	14	delegate	delegate	VERB
ajeer-262	232	15	the	the	DET
ajeer-262	232	16	responsibility	responsibility	NOUN
ajeer-262	232	17	of	of	ADP
ajeer-262	232	18	monitoring	monitor	VERB
ajeer-262	232	19	to	to	ADP
ajeer-262	232	20	banks	bank	NOUN
ajeer-262	232	21	,	,	PUNCT
ajeer-262	232	22	which	which	PRON
ajeer-262	232	23	grapple	grapple	VERB
ajeer-262	232	24	with	with	ADP
ajeer-262	232	25	the	the	DET
ajeer-262	232	26	costly	costly	ADJ
ajeer-262	232	27	state	state	NOUN
ajeer-262	232	28	verification	verification	NOUN
ajeer-262	232	29	problem	problem	NOUN
ajeer-262	232	30	described	describe	VERB
ajeer-262	232	31	previously	previously	ADV
ajeer-262	232	32	.	.	PUNCT
ajeer-262	233	1	under	under	ADP
ajeer-262	233	2	such	such	ADJ
ajeer-262	233	3	arrangements	arrangement	NOUN
ajeer-262	233	4	,	,	PUNCT
ajeer-262	233	5	each	each	DET
ajeer-262	233	6	bank	bank	NOUN
ajeer-262	233	7	does	do	AUX
ajeer-262	233	8	not	not	PART
ajeer-262	233	9	enjoy	enjoy	VERB
ajeer-262	233	10	any	any	DET
ajeer-262	233	11	bargaining	bargaining	NOUN
ajeer-262	233	12	advantage	advantage	NOUN
ajeer-262	233	13	.	.	PUNCT
ajeer-262	234	1	in	in	ADP
ajeer-262	234	2	other	other	ADJ
ajeer-262	234	3	words	word	NOUN
ajeer-262	234	4	,	,	PUNCT
ajeer-262	234	5	the	the	DET
ajeer-262	234	6	banks	bank	NOUN
ajeer-262	234	7	operate	operate	VERB
ajeer-262	234	8	in	in	ADP
ajeer-262	234	9	a	a	DET
ajeer-262	234	10	perfectly	perfectly	ADV
ajeer-262	234	11	competitive	competitive	ADJ
ajeer-262	234	12	environment	environment	NOUN
ajeer-262	234	13	and	and	CCONJ
ajeer-262	234	14	obtain	obtain	VERB
ajeer-262	234	15	zero	zero	NUM
ajeer-262	234	16	profit	profit	NOUN
ajeer-262	234	17	in	in	ADP
ajeer-262	234	18	the	the	DET
ajeer-262	234	19	long	long	ADJ
ajeer-262	234	20	run	run	NOUN
ajeer-262	234	21	as	as	ADP
ajeer-262	234	22	entry	entry	NOUN
ajeer-262	234	23	and	and	CCONJ
ajeer-262	234	24	exit	exit	NOUN
ajeer-262	234	25	are	be	AUX
ajeer-262	234	26	totally	totally	ADV
ajeer-262	234	27	unregulated	unregulated	ADJ
ajeer-262	234	28	.	.	PUNCT
ajeer-262	235	1	the	the	DET
ajeer-262	235	2	banks	bank	NOUN
ajeer-262	235	3	problem	problem	NOUN
ajeer-262	235	4	involves	involve	VERB
ajeer-262	235	5	:	:	PUNCT
ajeer-262	235	6			NOUN
ajeer-262	235	7			SYM
ajeer-262	235	8	1	1	NUM
ajeer-262	235	9	1	1	NUM
ajeer-262	235	10	1	1	NUM
ajeer-262	235	11	1	1	NUM
ajeer-262	235	12	1	1	NUM
ajeer-262	235	13	1	1	NUM
ajeer-262	235	14	1	1	NUM
ajeer-262	235	15	1	1	NUM
ajeer-262	235	16	1	1	NUM
ajeer-262	235	17	1	1	NUM
ajeer-262	235	18	1	1	NUM
ajeer-262	235	19	1	1	NUM
ajeer-262	235	20	,	,	PUNCT
ajeer-262	235	21	,	,	PUNCT
ajeer-262	235	22	,	,	PUNCT
ajeer-262	235	23	max	max	PROPN
ajeer-262	235	24	(	(	PUNCT
ajeer-262	235	25	)	)	PUNCT
ajeer-262	235	26	t	t	PROPN
ajeer-262	235	27	t	t	PROPN
ajeer-262	235	28	t	t	PROPN
ajeer-262	235	29	t	t	PROPN
ajeer-262	236	1	f	f	PROPN
ajeer-262	237	1	d	d	X
ajeer-262	237	2	s	s	PROPN
ajeer-262	237	3	t	t	PROPN
ajeer-262	237	4	t	t	PROPN
ajeer-262	237	5	t	t	PROPN
ajeer-262	237	6	t	t	PROPN
ajeer-262	237	7	t	t	PROPN
ajeer-262	237	8	t	t	PROPN
ajeer-262	237	9	t	t	PROPN
ajeer-262	237	10	t	t	PROPN
ajeer-262	237	11	t	t	PROPN
ajeer-262	237	12	s	s	PROPN
ajeer-262	237	13	d	d	X
ajeer-262	237	14	b	b	PROPN
ajeer-262	237	15	l	l	NOUN
ajeer-262	237	16	r	r	NOUN
ajeer-262	237	17	l	l	NOUN
ajeer-262	237	18	r	r	NOUN
ajeer-262	237	19	b	b	NOUN
ajeer-262	237	20	r	r	NOUN
ajeer-262	237	21	d	d	NOUN
ajeer-262	237	22	e	e	NOUN
ajeer-262	237	23	r	r	NOUN
ajeer-262	237	24	s	s	ADP
ajeer-262	237	25			ADV
ajeer-262	237	26			PROPN
ajeer-262	237	27			PROPN
ajeer-262	237	28			PROPN
ajeer-262	237	29			PROPN
ajeer-262	237	30			PROPN
ajeer-262	237	31			PROPN
ajeer-262	237	32			PROPN
ajeer-262	237	33			PROPN
ajeer-262	237	34			VERB
ajeer-262	237	35			PUNCT
ajeer-262	237	36			PROPN
ajeer-262	237	37			PROPN
ajeer-262	237	38			PROPN
ajeer-262	237	39	s.t	s.t	PROPN
ajeer-262	237	40	.	.	PROPN
ajeer-262	237	41	1	1	NUM
ajeer-262	237	42	1	1	NUM
ajeer-262	237	43	1	1	NUM
ajeer-262	237	44	1	1	NUM
ajeer-262	237	45	t	t	NOUN
ajeer-262	237	46	t	t	NOUN
ajeer-262	237	47	t	t	PROPN
ajeer-262	237	48	tl	tl	PROPN
ajeer-262	237	49	b	b	PROPN
ajeer-262	237	50	d	d	PROPN
ajeer-262	237	51	s	s	PROPN
ajeer-262	237	52			ADV
ajeer-262	237	53			PUNCT
ajeer-262	237	54			PROPN
ajeer-262	237	55			PROPN
ajeer-262	237	56			PUNCT
ajeer-262	237	57	(	(	PUNCT
ajeer-262	237	58	9	9	NUM
ajeer-262	237	59	)	)	SYM
ajeer-262	238	1	1	1	NUM
ajeer-262	238	2	1	1	NUM
ajeer-262	238	3	_	_	NOUN
ajeer-262	238	4	t	t	NOUN
ajeer-262	238	5	t	t	X
ajeer-262	238	6	s	s	PROPN
ajeer-262	238	7	del	del	PROPN
ajeer-262	238	8	k	k	PROPN
ajeer-262	238	9	l	l	PROPN
ajeer-262	238	10			PROPN
ajeer-262	238	11			X
ajeer-262	238	12			NUM
ajeer-262	238	13	(	(	PUNCT
ajeer-262	238	14	10	10	NUM
ajeer-262	238	15	)	)	PUNCT
ajeer-262	238	16	where	where	SCONJ
ajeer-262	238	17	0	0	NUM
ajeer-262	239	1	_	_	NOUN
ajeer-262	239	2	1del	1del	NUM
ajeer-262	239	3	k	k	NOUN
ajeer-262	239	4			PROPN
ajeer-262	239	5	is	be	AUX
ajeer-262	239	6	the	the	DET
ajeer-262	239	7	exogenous	exogenous	ADJ
ajeer-262	239	8	capital	capital	NOUN
ajeer-262	239	9	adequacy	adequacy	NOUN
ajeer-262	239	10	ratio	ratio	NOUN
ajeer-262	239	11	.	.	PUNCT
ajeer-262	240	1	equations	equation	NOUN
ajeer-262	240	2	(	(	PUNCT
ajeer-262	240	3	9	9	NUM
ajeer-262	240	4	)	)	PUNCT
ajeer-262	240	5	and	and	CCONJ
ajeer-262	240	6	(	(	PUNCT
ajeer-262	240	7	10	10	NUM
ajeer-262	240	8	)	)	PUNCT
ajeer-262	240	9	specify	specify	VERB
ajeer-262	240	10	the	the	DET
ajeer-262	240	11	bank	bank	NOUN
ajeer-262	240	12	balance	balance	NOUN
ajeer-262	240	13	sheet	sheet	NOUN
ajeer-262	240	14	constraint	constraint	NOUN
ajeer-262	240	15	and	and	CCONJ
ajeer-262	240	16	the	the	DET
ajeer-262	240	17	regulatory	regulatory	ADJ
ajeer-262	240	18	capital	capital	NOUN
ajeer-262	240	19	requirement	requirement	NOUN
ajeer-262	240	20	,	,	PUNCT
ajeer-262	240	21	respectively	respectively	ADV
ajeer-262	240	22	.	.	PUNCT
ajeer-262	241	1	moreover	moreover	ADV
ajeer-262	241	2	,	,	PUNCT
ajeer-262	241	3	1	1	NUM
ajeer-262	241	4	1	1	NUM
ajeer-262	241	5	1	1	NUM
ajeer-262	241	6	1	1	NUM
ajeer-262	241	7	,	,	PUNCT
ajeer-262	241	8	,	,	PUNCT
ajeer-262	241	9	,	,	PUNCT
ajeer-262	241	10	andt	andt	PROPN
ajeer-262	241	11	t	t	PROPN
ajeer-262	241	12	t	t	PROPN
ajeer-262	241	13	tl	tl	PROPN
ajeer-262	241	14	b	b	PROPN
ajeer-262	241	15	d	d	PROPN
ajeer-262	241	16	s	s	PROPN
ajeer-262	241	17			PROPN
ajeer-262	241	18			PUNCT
ajeer-262	241	19			PUNCT
ajeer-262	241	20	denote	denote	PROPN
ajeer-262	241	21	,	,	PUNCT
ajeer-262	241	22	respectively	respectively	ADV
ajeer-262	241	23	,	,	PUNCT
ajeer-262	241	24	the	the	DET
ajeer-262	241	25	loan	loan	NOUN
ajeer-262	241	26	advancement	advancement	NOUN
ajeer-262	241	27	,	,	PUNCT
ajeer-262	241	28	purchase	purchase	NOUN
ajeer-262	241	29	of	of	ADP
ajeer-262	241	30	treasury	treasury	PROPN
ajeer-262	241	31	securities	security	NOUN
ajeer-262	241	32	,	,	PUNCT
ajeer-262	241	33	deposit	deposit	NOUN
ajeer-262	241	34	collection	collection	NOUN
ajeer-262	241	35	and	and	CCONJ
ajeer-262	241	36	equity	equity	NOUN
ajeer-262	241	37	issuance	issuance	NOUN
ajeer-262	241	38	by	by	ADP
ajeer-262	241	39	banks	bank	NOUN
ajeer-262	241	40	between	between	ADP
ajeer-262	241	41	periods	period	NOUN
ajeer-262	241	42	t	t	PROPN
ajeer-262	241	43	and	and	CCONJ
ajeer-262	241	44	t+1	t+1	PRON
ajeer-262	241	45	;	;	PUNCT
ajeer-262	241	46	while	while	SCONJ
ajeer-262	241	47	1	1	NUM
ajeer-262	241	48	1	1	NUM
ajeer-262	241	49	1	1	NUM
ajeer-262	241	50	1	1	NUM
ajeer-262	241	51	,	,	PUNCT
ajeer-262	241	52	,	,	PUNCT
ajeer-262	241	53	,	,	PUNCT
ajeer-262	242	1	andf	andf	NOUN
ajeer-262	242	2	d	d	PROPN
ajeer-262	242	3	s	s	PROPN
ajeer-262	242	4	t	t	PROPN
ajeer-262	242	5	t	t	PROPN
ajeer-262	242	6	t	t	PROPN
ajeer-262	242	7	t	t	PROPN
ajeer-262	242	8	tr	tr	NOUN
ajeer-262	242	9	r	r	NOUN
ajeer-262	242	10	r	r	NOUN
ajeer-262	242	11	e	e	NOUN
ajeer-262	242	12	r	r	PROPN
ajeer-262	242	13			ADV
ajeer-262	242	14			PUNCT
ajeer-262	242	15			PUNCT
ajeer-262	242	16	represent	represent	VERB
ajeer-262	242	17	the	the	DET
ajeer-262	242	18	required	require	VERB
ajeer-262	242	19	gross	gross	ADJ
ajeer-262	242	20	real	real	ADJ
ajeer-262	242	21	rate	rate	NOUN
ajeer-262	242	22	of	of	ADP
ajeer-262	242	23	return	return	NOUN
ajeer-262	242	24	on	on	ADP
ajeer-262	242	25	loans	loan	NOUN
ajeer-262	242	26	;	;	PUNCT
ajeer-262	242	27	the	the	DET
ajeer-262	242	28	gross	gross	ADJ
ajeer-262	242	29	real	real	ADJ
ajeer-262	242	30	rate	rate	NOUN
ajeer-262	242	31	of	of	ADP
ajeer-262	242	32	return	return	NOUN
ajeer-262	242	33	on	on	ADP
ajeer-262	242	34	treasury	treasury	PROPN
ajeer-262	242	35	securities	security	NOUN
ajeer-262	242	36	;	;	PUNCT
ajeer-262	242	37	the	the	DET
ajeer-262	242	38	gross	gross	ADJ
ajeer-262	242	39	real	real	ADJ
ajeer-262	242	40	rate	rate	NOUN
ajeer-262	242	41	of	of	ADP
ajeer-262	242	42	return	return	NOUN
ajeer-262	242	43	on	on	ADP
ajeer-262	242	44	deposits	deposit	NOUN
ajeer-262	242	45	;	;	PUNCT
ajeer-262	242	46	and	and	CCONJ
ajeer-262	242	47	the	the	DET
ajeer-262	242	48	expected	expect	VERB
ajeer-262	242	49	gross	gross	ADJ
ajeer-262	242	50	real	real	ADJ
ajeer-262	242	51	rate	rate	NOUN
ajeer-262	242	52	of	of	ADP
ajeer-262	242	53	return	return	NOUN
ajeer-262	242	54	on	on	ADP
ajeer-262	242	55	bank	bank	NOUN
ajeer-262	242	56	equity	equity	NOUN
ajeer-262	242	57	—	—	PUNCT
ajeer-262	242	58	in	in	ADP
ajeer-262	242	59	the	the	DET
ajeer-262	242	60	same	same	ADJ
ajeer-262	242	61	order	order	NOUN
ajeer-262	242	62	.	.	PUNCT
ajeer-262	243	1	notice	notice	VERB
ajeer-262	243	2	that	that	SCONJ
ajeer-262	243	3	1	1	NUM
ajeer-262	243	4	f	f	NUM
ajeer-262	243	5	tr	tr	PROPN
ajeer-262	243	6	differs	differ	NOUN
ajeer-262	243	7	from	from	ADP
ajeer-262	243	8	the	the	DET
ajeer-262	243	9	non	non	ADJ
ajeer-262	243	10	-	-	ADJ
ajeer-262	243	11	default	default	ADJ
ajeer-262	243	12	lending	lending	NOUN
ajeer-262	243	13	rate	rate	NOUN
ajeer-262	243	14	,	,	PUNCT
ajeer-262	243	15	1tz	1tz	NOUN
ajeer-262	243	16			ADV
ajeer-262	243	17	.	.	PUNCT
ajeer-262	244	1	the	the	DET
ajeer-262	244	2	difference	difference	NOUN
ajeer-262	244	3	arises	arise	VERB
ajeer-262	244	4	from	from	ADP
ajeer-262	244	5	the	the	DET
ajeer-262	244	6	possibility	possibility	NOUN
ajeer-262	244	7	of	of	ADP
ajeer-262	244	8	entrepreneurs	entrepreneur	NOUN
ajeer-262	244	9	getting	get	VERB
ajeer-262	244	10	bankrupt	bankrupt	ADJ
ajeer-262	244	11	--	--	PUNCT
ajeer-262	244	12	default	default	NOUN
ajeer-262	244	13	on	on	ADP
ajeer-262	244	14	their	their	PRON
ajeer-262	244	15	loans	loan	NOUN
ajeer-262	244	16	—	—	PUNCT
ajeer-262	244	17	and	and	CCONJ
ajeer-262	244	18	the	the	DET
ajeer-262	244	19	attendant	attendant	ADJ
ajeer-262	244	20	monitoring	monitoring	NOUN
ajeer-262	244	21	costs	cost	NOUN
ajeer-262	244	22	which	which	PRON
ajeer-262	244	23	are	be	AUX
ajeer-262	244	24	reflected	reflect	VERB
ajeer-262	244	25	in	in	ADP
ajeer-262	244	26	1	1	NUM
ajeer-262	244	27	f	f	NOUN
ajeer-262	244	28	tr	tr	PROPN
ajeer-262	244	29	.	.	PUNCT
ajeer-262	245	1	in	in	ADP
ajeer-262	245	2	addition	addition	NOUN
ajeer-262	245	3	,	,	PUNCT
ajeer-262	245	4	while	while	SCONJ
ajeer-262	245	5	the	the	DET
ajeer-262	245	6	other	other	ADJ
ajeer-262	245	7	rates	rate	NOUN
ajeer-262	245	8	of	of	ADP
ajeer-262	245	9	return	return	NOUN
ajeer-262	245	10	are	be	AUX
ajeer-262	245	11	known	know	VERB
ajeer-262	245	12	in	in	ADP
ajeer-262	245	13	advance	advance	NOUN
ajeer-262	245	14	in	in	ADP
ajeer-262	245	15	period	period	NOUN
ajeer-262	245	16	t	t	PROPN
ajeer-262	245	17	,	,	PUNCT
ajeer-262	245	18	the	the	DET
ajeer-262	245	19	rate	rate	NOUN
ajeer-262	245	20	of	of	ADP
ajeer-262	245	21	return	return	NOUN
ajeer-262	245	22	on	on	ADP
ajeer-262	245	23	equity	equity	NOUN
ajeer-262	245	24	,	,	PUNCT
ajeer-262	245	25	1	1	NUM
ajeer-262	245	26	s	s	NOUN
ajeer-262	245	27	t	t	NOUN
ajeer-262	245	28	te	te	ADP
ajeer-262	245	29	r	r	NOUN
ajeer-262	245	30			PUNCT
ajeer-262	245	31	,	,	PUNCT
ajeer-262	245	32	is	be	AUX
ajeer-262	245	33	uncertain	uncertain	ADJ
ajeer-262	245	34	and	and	CCONJ
ajeer-262	245	35	depends	depend	VERB
ajeer-262	245	36	on	on	ADP
ajeer-262	245	37	the	the	DET
ajeer-262	245	38	realization	realization	NOUN
ajeer-262	245	39	of	of	ADP
ajeer-262	245	40	the	the	DET
ajeer-262	245	41	state	state	NOUN
ajeer-262	245	42	of	of	ADP
ajeer-262	245	43	the	the	DET
ajeer-262	245	44	economy	economy	NOUN
ajeer-262	245	45	at	at	ADP
ajeer-262	245	46	t+1	t+1	PROPN
ajeer-262	245	47	.	.	PUNCT
ajeer-262	246	1	asian	asian	PROPN
ajeer-262	246	2	journal	journal	PROPN
ajeer-262	246	3	of	of	ADP
ajeer-262	246	4	economics	economic	NOUN
ajeer-262	246	5	and	and	CCONJ
ajeer-262	246	6	empirical	empirical	ADJ
ajeer-262	246	7	research	research	NOUN
ajeer-262	246	8	,	,	PUNCT
ajeer-262	246	9	2019	2019	NUM
ajeer-262	246	10	,	,	PUNCT
ajeer-262	246	11	6(1	6(1	NUM
ajeer-262	246	12	):	):	PUNCT
ajeer-262	246	13	16	16	NUM
ajeer-262	246	14	-	-	SYM
ajeer-262	246	15	26	26	NUM
ajeer-262	246	16	22	22	NUM
ajeer-262	246	17	©	©	PROPN
ajeer-262	246	18	2019	2019	NUM
ajeer-262	246	19	by	by	ADP
ajeer-262	246	20	the	the	DET
ajeer-262	246	21	authors	author	NOUN
ajeer-262	246	22	;	;	PUNCT
ajeer-262	246	23	licensee	licensee	PROPN
ajeer-262	246	24	asian	asian	ADJ
ajeer-262	246	25	online	online	PROPN
ajeer-262	246	26	journal	journal	PROPN
ajeer-262	246	27	publishing	publishing	NOUN
ajeer-262	246	28	group	group	NOUN
ajeer-262	246	29	under	under	ADP
ajeer-262	246	30	binding	bind	VERB
ajeer-262	246	31	bank	bank	NOUN
ajeer-262	246	32	capital	capital	NOUN
ajeer-262	246	33	requirement	requirement	NOUN
ajeer-262	246	34	,	,	PUNCT
ajeer-262	246	35	1	1	NUM
ajeer-262	246	36	1	1	NUM
ajeer-262	246	37	_	_	NOUN
ajeer-262	246	38	t	t	NOUN
ajeer-262	246	39	t	t	X
ajeer-262	246	40	s	s	PROPN
ajeer-262	246	41	del	del	PROPN
ajeer-262	246	42	k	k	PROPN
ajeer-262	246	43	l	l	PROPN
ajeer-262	246	44			PROPN
ajeer-262	246	45			PROPN
ajeer-262	246	46			PROPN
ajeer-262	246	47	,	,	PUNCT
ajeer-262	246	48	the	the	DET
ajeer-262	246	49	first	first	ADJ
ajeer-262	246	50	order	order	NOUN
ajeer-262	246	51	conditions9	conditions9	NOUN
ajeer-262	246	52	of	of	ADP
ajeer-262	246	53	the	the	DET
ajeer-262	246	54	admissible	admissible	ADJ
ajeer-262	246	55	solution	solution	NOUN
ajeer-262	246	56	of	of	ADP
ajeer-262	246	57	the	the	DET
ajeer-262	246	58	bank‘s	bank‘s	PROPN
ajeer-262	246	59	maximization	maximization	NOUN
ajeer-262	246	60	problem	problem	NOUN
ajeer-262	246	61	are	be	AUX
ajeer-262	246	62	:	:	PUNCT
ajeer-262	246	63	1	1	NUM
ajeer-262	246	64	1	1	NUM
ajeer-262	246	65	d	d	NOUN
ajeer-262	246	66	t	t	PRON
ajeer-262	246	67	tr	tr	NOUN
ajeer-262	246	68	r	r	X
ajeer-262	246	69			ADJ
ajeer-262	246	70	(	(	PUNCT
ajeer-262	246	71	11	11	NUM
ajeer-262	246	72	)	)	SYM
ajeer-262	246	73	1	1	NUM
ajeer-262	246	74	1	1	NUM
ajeer-262	246	75	1(1	1(1	NUM
ajeer-262	246	76	_	_	PUNCT
ajeer-262	246	77	)	)	PUNCT
ajeer-262	247	1	_	_	PUNCT
ajeer-262	247	2	(	(	PUNCT
ajeer-262	247	3	)	)	PUNCT
ajeer-262	247	4	f	f	PROPN
ajeer-262	247	5	s	s	PROPN
ajeer-262	247	6	t	t	PROPN
ajeer-262	247	7	t	t	PROPN
ajeer-262	247	8	t	t	PROPN
ajeer-262	247	9	tr	tr	PROPN
ajeer-262	247	10	del	del	PROPN
ajeer-262	247	11	k	k	PROPN
ajeer-262	247	12	r	r	PROPN
ajeer-262	247	13	del	del	PROPN
ajeer-262	247	14	ke	ke	PROPN
ajeer-262	247	15	r	r	PROPN
ajeer-262	247	16			PROPN
ajeer-262	248	1			PROPN
ajeer-262	248	2			PROPN
ajeer-262	248	3			X
ajeer-262	248	4	(	(	PUNCT
ajeer-262	248	5	12	12	NUM
ajeer-262	248	6	)	)	PUNCT
ajeer-262	248	7	these	these	DET
ajeer-262	248	8	conditions	condition	NOUN
ajeer-262	248	9	illustrate	illustrate	VERB
ajeer-262	248	10	that	that	SCONJ
ajeer-262	248	11	with	with	ADP
ajeer-262	248	12	binding	bind	VERB
ajeer-262	248	13	minimum	minimum	ADJ
ajeer-262	248	14	capital	capital	NOUN
ajeer-262	248	15	threshold	threshold	NOUN
ajeer-262	248	16	,	,	PUNCT
ajeer-262	248	17	the	the	DET
ajeer-262	248	18	required	require	VERB
ajeer-262	248	19	rate	rate	NOUN
ajeer-262	248	20	of	of	ADP
ajeer-262	248	21	return	return	NOUN
ajeer-262	248	22	on	on	ADP
ajeer-262	248	23	lending	lending	NOUN
ajeer-262	248	24	is	be	AUX
ajeer-262	248	25	a	a	DET
ajeer-262	248	26	weighted	weighted	ADJ
ajeer-262	248	27	average	average	NOUN
ajeer-262	248	28	of	of	ADP
ajeer-262	248	29	the	the	DET
ajeer-262	248	30	rate	rate	NOUN
ajeer-262	248	31	of	of	ADP
ajeer-262	248	32	return	return	NOUN
ajeer-262	248	33	on	on	ADP
ajeer-262	248	34	deposits	deposit	NOUN
ajeer-262	248	35	and	and	CCONJ
ajeer-262	248	36	the	the	DET
ajeer-262	248	37	expected	expect	VERB
ajeer-262	248	38	rate	rate	NOUN
ajeer-262	248	39	of	of	ADP
ajeer-262	248	40	return	return	NOUN
ajeer-262	248	41	on	on	ADP
ajeer-262	248	42	bank	bank	NOUN
ajeer-262	248	43	equity	equity	NOUN
ajeer-262	248	44	.	.	PUNCT
ajeer-262	249	1	thus	thus	ADV
ajeer-262	249	2	,	,	PUNCT
ajeer-262	249	3	we	we	PRON
ajeer-262	249	4	have	have	VERB
ajeer-262	249	5	significant	significant	ADJ
ajeer-262	249	6	departure	departure	NOUN
ajeer-262	249	7	from	from	ADP
ajeer-262	249	8	the	the	DET
ajeer-262	249	9	bernanke	bernanke	PROPN
ajeer-262	249	10	et	et	PROPN
ajeer-262	249	11	al	al	PROPN
ajeer-262	249	12	.	.	PUNCT
ajeer-262	250	1	(	(	PUNCT
ajeer-262	250	2	1999	1999	NUM
ajeer-262	250	3	)	)	PUNCT
ajeer-262	250	4	framework	framework	NOUN
ajeer-262	250	5	where	where	SCONJ
ajeer-262	250	6	the	the	DET
ajeer-262	250	7	required	require	VERB
ajeer-262	250	8	rate	rate	NOUN
ajeer-262	250	9	of	of	ADP
ajeer-262	250	10	return	return	NOUN
ajeer-262	250	11	on	on	ADP
ajeer-262	250	12	lending	lending	NOUN
ajeer-262	250	13	equals	equal	VERB
ajeer-262	250	14	the	the	DET
ajeer-262	250	15	riskless	riskless	NOUN
ajeer-262	250	16	/	/	SYM
ajeer-262	250	17	deposit	deposit	NOUN
ajeer-262	250	18	rate	rate	NOUN
ajeer-262	250	19	.	.	PUNCT
ajeer-262	251	1	3.2.1	3.2.1	X
ajeer-262	251	2	.	.	X
ajeer-262	251	3	return	return	NOUN
ajeer-262	251	4	on	on	ADP
ajeer-262	251	5	capital	capital	NOUN
ajeer-262	251	6	the	the	DET
ajeer-262	251	7	exogenous	exogenous	ADJ
ajeer-262	251	8	regulatory	regulatory	ADJ
ajeer-262	251	9	capital	capital	NOUN
ajeer-262	251	10	requirement	requirement	NOUN
ajeer-262	251	11	entails	entail	VERB
ajeer-262	251	12	that	that	SCONJ
ajeer-262	251	13	the	the	DET
ajeer-262	251	14	bank	bank	NOUN
ajeer-262	251	15	must	must	AUX
ajeer-262	251	16	maintain	maintain	VERB
ajeer-262	251	17	a	a	DET
ajeer-262	251	18	level	level	NOUN
ajeer-262	251	19	of	of	ADP
ajeer-262	251	20	equity	equity	NOUN
ajeer-262	251	21	which	which	PRON
ajeer-262	251	22	amounts	amount	VERB
ajeer-262	251	23	to	to	ADP
ajeer-262	251	24	_	_	PROPN
ajeer-262	251	25	del	del	PROPN
ajeer-262	251	26	k	k	PROPN
ajeer-262	251	27	times	times	PROPN
ajeer-262	251	28	the	the	DET
ajeer-262	251	29	volume	volume	NOUN
ajeer-262	251	30	of	of	ADP
ajeer-262	251	31	total	total	ADJ
ajeer-262	251	32	loan	loan	NOUN
ajeer-262	251	33	advancement	advancement	NOUN
ajeer-262	251	34	.	.	PUNCT
ajeer-262	252	1	the	the	DET
ajeer-262	252	2	supply	supply	NOUN
ajeer-262	252	3	of	of	ADP
ajeer-262	252	4	credit	credit	NOUN
ajeer-262	252	5	is	be	AUX
ajeer-262	252	6	therefore	therefore	ADV
ajeer-262	252	7	financed	finance	VERB
ajeer-262	252	8	by	by	ADP
ajeer-262	252	9	a	a	DET
ajeer-262	252	10	combination	combination	NOUN
ajeer-262	252	11	of	of	ADP
ajeer-262	252	12	bank	bank	NOUN
ajeer-262	252	13	equity	equity	NOUN
ajeer-262	252	14	and	and	CCONJ
ajeer-262	252	15	deposits	deposit	NOUN
ajeer-262	252	16	mobilized	mobilize	VERB
ajeer-262	252	17	from	from	ADP
ajeer-262	252	18	households	household	NOUN
ajeer-262	252	19	,	,	PUNCT
ajeer-262	252	20	who	who	PRON
ajeer-262	252	21	allocate	allocate	VERB
ajeer-262	252	22	their	their	PRON
ajeer-262	252	23	savings	saving	NOUN
ajeer-262	252	24	between	between	ADP
ajeer-262	252	25	these	these	DET
ajeer-262	252	26	financial	financial	ADJ
ajeer-262	252	27	instruments	instrument	NOUN
ajeer-262	252	28	.	.	PUNCT
ajeer-262	253	1	the	the	DET
ajeer-262	253	2	relative	relative	ADJ
ajeer-262	253	3	ease	ease	NOUN
ajeer-262	253	4	of	of	ADP
ajeer-262	253	5	using	use	VERB
ajeer-262	253	6	deposits	deposit	NOUN
ajeer-262	253	7	for	for	ADP
ajeer-262	253	8	liquidity	liquidity	NOUN
ajeer-262	253	9	services	service	NOUN
ajeer-262	253	10	and	and	CCONJ
ajeer-262	253	11	the	the	DET
ajeer-262	253	12	riskless	riskless	NOUN
ajeer-262	253	13	rate	rate	NOUN
ajeer-262	253	14	associated	associate	VERB
ajeer-262	253	15	with	with	ADP
ajeer-262	253	16	them	they	PRON
ajeer-262	253	17	establishes	establish	VERB
ajeer-262	253	18	a	a	DET
ajeer-262	253	19	spread	spread	NOUN
ajeer-262	253	20	vis	vis	X
ajeer-262	253	21	-	-	ADJ
ajeer-262	253	22	à	à	X
ajeer-262	253	23	-	-	PUNCT
ajeer-262	253	24	vis	vis	X
ajeer-262	253	25	the	the	DET
ajeer-262	253	26	rate	rate	NOUN
ajeer-262	253	27	of	of	ADP
ajeer-262	253	28	return	return	NOUN
ajeer-262	253	29	on	on	ADP
ajeer-262	253	30	bank	bank	NOUN
ajeer-262	253	31	capital	capital	NOUN
ajeer-262	253	32	,	,	PUNCT
ajeer-262	253	33	that	that	ADV
ajeer-262	253	34	is	is	ADV
ajeer-262	253	35	,	,	PUNCT
ajeer-262	253	36	1	1	NUM
ajeer-262	253	37	1	1	NUM
ajeer-262	253	38	s	s	NOUN
ajeer-262	253	39	d	d	X
ajeer-262	253	40	t	t	X
ajeer-262	253	41	t	t	PROPN
ajeer-262	253	42	te	te	ADP
ajeer-262	253	43	r	r	NOUN
ajeer-262	253	44	r	r	X
ajeer-262	253	45			PROPN
ajeer-262	253	46	.	.	PUNCT
ajeer-262	254	1	moreover	moreover	ADV
ajeer-262	254	2	,	,	PUNCT
ajeer-262	254	3	we	we	PRON
ajeer-262	254	4	assume	assume	VERB
ajeer-262	254	5	that	that	SCONJ
ajeer-262	254	6	the	the	DET
ajeer-262	254	7	real	real	ADJ
ajeer-262	254	8	rate	rate	NOUN
ajeer-262	254	9	of	of	ADP
ajeer-262	254	10	return	return	NOUN
ajeer-262	254	11	on	on	ADP
ajeer-262	254	12	physical	physical	ADJ
ajeer-262	254	13	and	and	CCONJ
ajeer-262	254	14	bank	bank	NOUN
ajeer-262	254	15	capital	capital	NOUN
ajeer-262	254	16	is	be	AUX
ajeer-262	254	17	the	the	DET
ajeer-262	254	18	same	same	ADJ
ajeer-262	254	19	:	:	PUNCT
ajeer-262	254	20	1	1	NUM
ajeer-262	254	21	1	1	NUM
ajeer-262	254	22	s	s	PART
ajeer-262	254	23	k	k	PROPN
ajeer-262	254	24	t	t	PROPN
ajeer-262	254	25	t	t	PROPN
ajeer-262	254	26	t	t	X
ajeer-262	254	27	te	te	INTJ
ajeer-262	254	28	r	r	PROPN
ajeer-262	254	29	e	e	PROPN
ajeer-262	254	30	r	r	PROPN
ajeer-262	254	31			ADJ
ajeer-262	254	32	(	(	PUNCT
ajeer-262	254	33	13	13	NUM
ajeer-262	254	34	)	)	PUNCT
ajeer-262	254	35	the	the	DET
ajeer-262	254	36	interpretation	interpretation	NOUN
ajeer-262	254	37	of	of	ADP
ajeer-262	254	38	(	(	PUNCT
ajeer-262	254	39	13	13	NUM
ajeer-262	254	40	)	)	PUNCT
ajeer-262	254	41	is	be	AUX
ajeer-262	254	42	that	that	SCONJ
ajeer-262	254	43	even	even	ADV
ajeer-262	254	44	if	if	SCONJ
ajeer-262	254	45	entrepreneurs	entrepreneur	NOUN
ajeer-262	254	46	are	be	AUX
ajeer-262	254	47	the	the	DET
ajeer-262	254	48	only	only	ADJ
ajeer-262	254	49	investors	investor	NOUN
ajeer-262	254	50	in	in	ADP
ajeer-262	254	51	physical	physical	ADJ
ajeer-262	254	52	capital	capital	NOUN
ajeer-262	254	53	,	,	PUNCT
ajeer-262	254	54	households	household	NOUN
ajeer-262	254	55	would	would	AUX
ajeer-262	254	56	demand	demand	VERB
ajeer-262	254	57	the	the	DET
ajeer-262	254	58	same	same	ADJ
ajeer-262	254	59	expected	expect	VERB
ajeer-262	254	60	rate	rate	NOUN
ajeer-262	254	61	of	of	ADP
ajeer-262	254	62	return	return	NOUN
ajeer-262	254	63	on	on	ADP
ajeer-262	254	64	both	both	CCONJ
ajeer-262	254	65	physical	physical	ADJ
ajeer-262	254	66	and	and	CCONJ
ajeer-262	254	67	bank	bank	NOUN
ajeer-262	254	68	capital	capital	NOUN
ajeer-262	254	69	if	if	SCONJ
ajeer-262	254	70	they	they	PRON
ajeer-262	254	71	were	be	AUX
ajeer-262	254	72	to	to	PART
ajeer-262	254	73	make	make	VERB
ajeer-262	254	74	capital	capital	NOUN
ajeer-262	254	75	expenditures	expenditure	NOUN
ajeer-262	254	76	.	.	PUNCT
ajeer-262	255	1	thus	thus	ADV
ajeer-262	255	2	,	,	PUNCT
ajeer-262	255	3	equation	equation	NOUN
ajeer-262	255	4	(	(	PUNCT
ajeer-262	255	5	13	13	NUM
ajeer-262	255	6	)	)	PUNCT
ajeer-262	255	7	represents	represent	VERB
ajeer-262	255	8	a	a	DET
ajeer-262	255	9	no	no	DET
ajeer-262	255	10	-	-	PUNCT
ajeer-262	255	11	arbitrage	arbitrage	NOUN
ajeer-262	255	12	condition	condition	NOUN
ajeer-262	255	13	as	as	SCONJ
ajeer-262	255	14	physical	physical	ADJ
ajeer-262	255	15	and	and	CCONJ
ajeer-262	255	16	bank	bank	NOUN
ajeer-262	255	17	capital	capital	NOUN
ajeer-262	255	18	provide	provide	VERB
ajeer-262	255	19	no	no	DET
ajeer-262	255	20	liquidity	liquidity	NOUN
ajeer-262	255	21	services	service	NOUN
ajeer-262	255	22	and	and	CCONJ
ajeer-262	255	23	their	their	PRON
ajeer-262	255	24	returns	return	NOUN
ajeer-262	255	25	are	be	AUX
ajeer-262	255	26	exposed	expose	VERB
ajeer-262	255	27	to	to	ADP
ajeer-262	255	28	the	the	DET
ajeer-262	255	29	same	same	ADJ
ajeer-262	255	30	systemic	systemic	ADJ
ajeer-262	255	31	risk	risk	NOUN
ajeer-262	255	32	.	.	PUNCT
ajeer-262	256	1	3.2.2	3.2.2	X
ajeer-262	256	2	.	.	PUNCT
ajeer-262	256	3	capital	capital	NOUN
ajeer-262	256	4	producers	producer	NOUN
ajeer-262	256	5	in	in	ADP
ajeer-262	256	6	this	this	DET
ajeer-262	256	7	section	section	NOUN
ajeer-262	256	8	we	we	PRON
ajeer-262	256	9	integrate	integrate	VERB
ajeer-262	256	10	the	the	DET
ajeer-262	256	11	optimal	optimal	ADJ
ajeer-262	256	12	financial	financial	ADJ
ajeer-262	256	13	contract	contract	NOUN
ajeer-262	256	14	signed	sign	VERB
ajeer-262	256	15	in	in	ADP
ajeer-262	256	16	a	a	DET
ajeer-262	256	17	partial	partial	ADJ
ajeer-262	256	18	equilibrium	equilibrium	NOUN
ajeer-262	256	19	setting	set	VERB
ajeer-262	256	20	into	into	ADP
ajeer-262	256	21	new	new	ADJ
ajeer-262	256	22	keynesian	keynesian	ADJ
ajeer-262	256	23	general	general	ADJ
ajeer-262	256	24	equilibrium	equilibrium	NOUN
ajeer-262	256	25	framework	framework	NOUN
ajeer-262	256	26	.	.	PUNCT
ajeer-262	257	1	capital	capital	NOUN
ajeer-262	257	2	producers	producer	NOUN
ajeer-262	257	3	buy	buy	VERB
ajeer-262	257	4	final	final	ADJ
ajeer-262	257	5	investment	investment	NOUN
ajeer-262	257	6	goods	good	NOUN
ajeer-262	257	7	ti	ti	NOUN
ajeer-262	257	8	from	from	ADP
ajeer-262	257	9	retailers	retailer	NOUN
ajeer-262	257	10	and	and	CCONJ
ajeer-262	257	11	transform	transform	VERB
ajeer-262	257	12	them	they	PRON
ajeer-262	257	13	using	use	VERB
ajeer-262	257	14	existing	exist	VERB
ajeer-262	257	15	capital	capital	NOUN
ajeer-262	257	16	to	to	PART
ajeer-262	257	17	generate	generate	VERB
ajeer-262	257	18	new	new	ADJ
ajeer-262	257	19	capital	capital	NOUN
ajeer-262	257	20	stock	stock	NOUN
ajeer-262	257	21	.	.	PUNCT
ajeer-262	258	1	investment	investment	NOUN
ajeer-262	258	2	decisions	decision	NOUN
ajeer-262	258	3	are	be	AUX
ajeer-262	258	4	subject	subject	ADJ
ajeer-262	258	5	to	to	ADP
ajeer-262	258	6	quadratic	quadratic	ADJ
ajeer-262	258	7	adjustment	adjustment	NOUN
ajeer-262	258	8	costs	cost	NOUN
ajeer-262	258	9	.	.	PUNCT
ajeer-262	259	1	the	the	DET
ajeer-262	259	2	inclusion	inclusion	NOUN
ajeer-262	259	3	of	of	ADP
ajeer-262	259	4	such	such	ADJ
ajeer-262	259	5	costs	cost	NOUN
ajeer-262	259	6	induces	induce	VERB
ajeer-262	259	7	volatility	volatility	NOUN
ajeer-262	259	8	of	of	ADP
ajeer-262	259	9	entrepreneurial	entrepreneurial	ADJ
ajeer-262	259	10	net	net	ADJ
ajeer-262	259	11	worth	worth	NOUN
ajeer-262	259	12	and	and	CCONJ
ajeer-262	259	13	bank	bank	NOUN
ajeer-262	259	14	capital	capital	NOUN
ajeer-262	259	15	via	via	ADP
ajeer-262	259	16	the	the	DET
ajeer-262	259	17	variability	variability	NOUN
ajeer-262	259	18	of	of	ADP
ajeer-262	259	19	the	the	DET
ajeer-262	259	20	price	price	NOUN
ajeer-262	259	21	of	of	ADP
ajeer-262	259	22	capital	capital	NOUN
ajeer-262	259	23	.	.	PUNCT
ajeer-262	260	1	we	we	PRON
ajeer-262	260	2	assume	assume	VERB
ajeer-262	260	3	that	that	SCONJ
ajeer-262	260	4	capital	capital	NOUN
ajeer-262	260	5	producers	producer	NOUN
ajeer-262	260	6	deploy	deploy	VERB
ajeer-262	260	7	a	a	DET
ajeer-262	260	8	linear	linear	ADJ
ajeer-262	260	9	technology	technology	NOUN
ajeer-262	260	10	and	and	CCONJ
ajeer-262	260	11	choose	choose	VERB
ajeer-262	260	12	the	the	DET
ajeer-262	260	13	level	level	NOUN
ajeer-262	260	14	of	of	ADP
ajeer-262	260	15	investment	investment	NOUN
ajeer-262	260	16	spending	spending	NOUN
ajeer-262	260	17	to	to	PART
ajeer-262	260	18	maximize	maximize	VERB
ajeer-262	260	19	profits	profit	NOUN
ajeer-262	260	20	subject	subject	ADJ
ajeer-262	260	21	to	to	ADP
ajeer-262	260	22	adjustment	adjustment	NOUN
ajeer-262	260	23	costs	cost	NOUN
ajeer-262	260	24	:	:	PUNCT
ajeer-262	260	25	2	2	NUM
ajeer-262	260	26	q	q	NOUN
ajeer-262	260	27	,	,	PUNCT
ajeer-262	260	28	i	i	PRON
ajeer-262	260	29	max	max	PROPN
ajeer-262	260	30	2	2	NUM
ajeer-262	260	31	k	k	NOUN
ajeer-262	260	32	t	t	PROPN
ajeer-262	260	33	t	t	PROPN
ajeer-262	260	34	t	t	PROPN
ajeer-262	260	35	t	t	PROPN
ajeer-262	260	36	t	t	PROPN
ajeer-262	260	37	t	t	PROPN
ajeer-262	260	38	t	t	PROPN
ajeer-262	261	1	i	i	PRON
ajeer-262	261	2	k	k	PROPN
ajeer-262	262	1	q	q	X
ajeer-262	263	1	i	i	PRON
ajeer-262	264	1	i	i	PRON
ajeer-262	264	2	k	k	PROPN
ajeer-262	265	1	k	k	VERB
ajeer-262	265	2			PROPN
ajeer-262	265	3			NUM
ajeer-262	265	4			PROPN
ajeer-262	265	5			PROPN
ajeer-262	265	6			PROPN
ajeer-262	265	7			PROPN
ajeer-262	265	8			PROPN
ajeer-262	265	9			PROPN
ajeer-262	265	10			PROPN
ajeer-262	265	11			PROPN
ajeer-262	265	12			NOUN
ajeer-262	265	13			PROPN
ajeer-262	265	14			PROPN
ajeer-262	265	15	(	(	PUNCT
ajeer-262	265	16	14	14	NUM
ajeer-262	265	17	)	)	PUNCT
ajeer-262	265	18	where	where	SCONJ
ajeer-262	265	19	tq	tq	ADV
ajeer-262	265	20	is	be	AUX
ajeer-262	265	21	the	the	DET
ajeer-262	265	22	real	real	ADJ
ajeer-262	265	23	price	price	NOUN
ajeer-262	265	24	of	of	ADP
ajeer-262	265	25	capital	capital	NOUN
ajeer-262	265	26	while	while	NOUN
ajeer-262	265	27	,	,	PUNCT
ajeer-262	265	28	q	q	X
ajeer-262	265	29	ik	ik	NOUN
ajeer-262	265	30	and	and	CCONJ
ajeer-262	265	31			NUM
ajeer-262	265	32	are	be	AUX
ajeer-262	265	33	parameters	parameter	NOUN
ajeer-262	265	34	capturing	capture	VERB
ajeer-262	265	35	the	the	DET
ajeer-262	265	36	degree	degree	NOUN
ajeer-262	265	37	of	of	ADP
ajeer-262	265	38	adjustment	adjustment	NOUN
ajeer-262	265	39	cost	cost	NOUN
ajeer-262	265	40	and	and	CCONJ
ajeer-262	265	41	depreciation	depreciation	NOUN
ajeer-262	265	42	of	of	ADP
ajeer-262	265	43	capital	capital	NOUN
ajeer-262	265	44	,	,	PUNCT
ajeer-262	265	45	respectively	respectively	ADV
ajeer-262	265	46	.	.	PUNCT
ajeer-262	266	1	the	the	DET
ajeer-262	266	2	optimization	optimization	NOUN
ajeer-262	266	3	problem	problem	NOUN
ajeer-262	266	4	gives	give	VERB
ajeer-262	266	5	rise	rise	NOUN
ajeer-262	266	6	to	to	ADP
ajeer-262	266	7	the	the	DET
ajeer-262	266	8	following	follow	VERB
ajeer-262	266	9	first	first	ADJ
ajeer-262	266	10	order	order	NOUN
ajeer-262	266	11	condition	condition	NOUN
ajeer-262	266	12	:	:	PUNCT
ajeer-262	267	1	.1	.1	NUM
ajeer-262	267	2	t	t	PROPN
ajeer-262	267	3	t	t	PROPN
ajeer-262	267	4	q	q	PROPN
ajeer-262	267	5	ik	ik	PROPN
ajeer-262	267	6	t	t	PROPN
ajeer-262	267	7	i	i	PRON
ajeer-262	267	8	q	q	PROPN
ajeer-262	267	9	k	k	X
ajeer-262	267	10			NUM
ajeer-262	267	11			NUM
ajeer-262	267	12			NOUN
ajeer-262	267	13			PROPN
ajeer-262	267	14			PROPN
ajeer-262	267	15			ADV
ajeer-262	267	16			X
ajeer-262	267	17			PROPN
ajeer-262	268	1			PROPN
ajeer-262	268	2			NOUN
ajeer-262	268	3	(	(	PUNCT
ajeer-262	268	4	15	15	NUM
ajeer-262	268	5	)	)	PUNCT
ajeer-262	268	6	notice	notice	VERB
ajeer-262	268	7	that	that	SCONJ
ajeer-262	268	8	the	the	PRON
ajeer-262	268	9	higher	high	ADJ
ajeer-262	268	10	the	the	DET
ajeer-262	268	11	value	value	NOUN
ajeer-262	268	12	of	of	ADP
ajeer-262	268	13	,	,	PUNCT
ajeer-262	268	14	q	q	X
ajeer-262	268	15	ik	ik	INTJ
ajeer-262	268	16	,	,	PUNCT
ajeer-262	268	17	the	the	PRON
ajeer-262	268	18	higher	high	ADJ
ajeer-262	268	19	the	the	DET
ajeer-262	268	20	volatility	volatility	NOUN
ajeer-262	268	21	of	of	ADP
ajeer-262	268	22	the	the	DET
ajeer-262	268	23	price	price	NOUN
ajeer-262	268	24	of	of	ADP
ajeer-262	268	25	capital	capital	NOUN
ajeer-262	268	26	.	.	PUNCT
ajeer-262	269	1	setting	set	VERB
ajeer-262	269	2	this	this	DET
ajeer-262	269	3	parameter	parameter	NOUN
ajeer-262	269	4	to	to	ADP
ajeer-262	269	5	zero	zero	NUM
ajeer-262	269	6	entails	entail	VERB
ajeer-262	269	7	a	a	DET
ajeer-262	269	8	constant	constant	ADJ
ajeer-262	269	9	price	price	NOUN
ajeer-262	269	10	of	of	ADP
ajeer-262	269	11	capital	capital	NOUN
ajeer-262	269	12	equal	equal	ADJ
ajeer-262	269	13	to	to	ADP
ajeer-262	269	14	unity	unity	NOUN
ajeer-262	269	15	.	.	PUNCT
ajeer-262	270	1	the	the	DET
ajeer-262	270	2	law	law	NOUN
ajeer-262	270	3	of	of	ADP
ajeer-262	270	4	motion	motion	NOUN
ajeer-262	270	5	for	for	ADP
ajeer-262	270	6	the	the	DET
ajeer-262	270	7	aggregate	aggregate	ADJ
ajeer-262	270	8	capital	capital	NOUN
ajeer-262	270	9	stock	stock	NOUN
ajeer-262	270	10	in	in	ADP
ajeer-262	270	11	the	the	DET
ajeer-262	270	12	economy	economy	NOUN
ajeer-262	270	13	is	be	AUX
ajeer-262	270	14	evolves	evolve	NOUN
ajeer-262	270	15	according	accord	VERB
ajeer-262	270	16	to	to	ADP
ajeer-262	270	17	:	:	PUNCT
ajeer-262	270	18	1	1	NUM
ajeer-262	270	19	(	(	PUNCT
ajeer-262	270	20	1	1	NUM
ajeer-262	270	21	)	)	PUNCT
ajeer-262	270	22	t	t	NOUN
ajeer-262	270	23	t	t	NOUN
ajeer-262	270	24	tk	tk	PROPN
ajeer-262	271	1	i	i	PRON
ajeer-262	271	2	k	k	AUX
ajeer-262	271	3			NUM
ajeer-262	271	4			ADJ
ajeer-262	271	5			X
ajeer-262	271	6	(	(	PUNCT
ajeer-262	271	7	16	16	NUM
ajeer-262	271	8	)	)	PUNCT
ajeer-262	271	9	3.3	3.3	NUM
ajeer-262	271	10	.	.	PUNCT
ajeer-262	272	1	production	production	NOUN
ajeer-262	272	2	by	by	ADP
ajeer-262	272	3	entrepreneurs	entrepreneur	NOUN
ajeer-262	272	4	entrepreneurial	entrepreneurial	ADJ
ajeer-262	272	5	firms	firm	NOUN
ajeer-262	272	6	rely	rely	VERB
ajeer-262	272	7	on	on	ADP
ajeer-262	272	8	bank	bank	NOUN
ajeer-262	272	9	loans	loan	NOUN
ajeer-262	272	10	to	to	PART
ajeer-262	272	11	supplement	supplement	VERB
ajeer-262	272	12	their	their	PRON
ajeer-262	272	13	net	net	ADJ
ajeer-262	272	14	worth	worth	NOUN
ajeer-262	272	15	in	in	ADP
ajeer-262	272	16	the	the	DET
ajeer-262	272	17	purchase	purchase	NOUN
ajeer-262	272	18	of	of	ADP
ajeer-262	272	19	capital	capital	NOUN
ajeer-262	272	20	goods	good	NOUN
ajeer-262	272	21	.	.	PUNCT
ajeer-262	273	1	they	they	PRON
ajeer-262	273	2	combine	combine	VERB
ajeer-262	273	3	the	the	DET
ajeer-262	273	4	purchased	purchase	VERB
ajeer-262	273	5	capital	capital	NOUN
ajeer-262	273	6	with	with	ADP
ajeer-262	273	7	hired	hire	VERB
ajeer-262	273	8	labor	labor	NOUN
ajeer-262	273	9	to	to	PART
ajeer-262	273	10	produce	produce	VERB
ajeer-262	273	11	wholesale	wholesale	ADJ
ajeer-262	273	12	goods	good	NOUN
ajeer-262	273	13	which	which	PRON
ajeer-262	273	14	they	they	PRON
ajeer-262	273	15	sell	sell	VERB
ajeer-262	273	16	at	at	ADP
ajeer-262	273	17	nominal	nominal	ADJ
ajeer-262	273	18	marginal	marginal	ADJ
ajeer-262	273	19	cost	cost	NOUN
ajeer-262	273	20	in	in	ADP
ajeer-262	273	21	perfectly	perfectly	ADV
ajeer-262	273	22	competitive	competitive	ADJ
ajeer-262	273	23	markets	market	NOUN
ajeer-262	273	24	.	.	PUNCT
ajeer-262	274	1	only	only	ADV
ajeer-262	274	2	households	household	NOUN
ajeer-262	274	3	and	and	CCONJ
ajeer-262	274	4	entrepreneurs	entrepreneur	NOUN
ajeer-262	274	5	are	be	AUX
ajeer-262	274	6	employed	employ	VERB
ajeer-262	274	7	by	by	ADP
ajeer-262	274	8	the	the	DET
ajeer-262	274	9	firm	firm	NOUN
ajeer-262	274	10	as	as	SCONJ
ajeer-262	274	11	bankers	banker	NOUN
ajeer-262	274	12	are	be	AUX
ajeer-262	274	13	assumed	assume	VERB
ajeer-262	274	14	to	to	PART
ajeer-262	274	15	be	be	AUX
ajeer-262	274	16	insignificant	insignificant	ADJ
ajeer-262	274	17	fraction	fraction	NOUN
ajeer-262	274	18	of	of	ADP
ajeer-262	274	19	the	the	DET
ajeer-262	274	20	labor	labor	NOUN
ajeer-262	274	21	force	force	NOUN
ajeer-262	274	22	.	.	PUNCT
ajeer-262	275	1	the	the	DET
ajeer-262	275	2	firm	firm	NOUN
ajeer-262	275	3	uses	use	VERB
ajeer-262	275	4	constant	constant	ADJ
ajeer-262	275	5	returns	return	NOUN
ajeer-262	275	6	to	to	PART
ajeer-262	275	7	scale	scale	VERB
ajeer-262	275	8	cobb	cobb	PROPN
ajeer-262	275	9	-	-	PUNCT
ajeer-262	275	10	douglas	douglas	PROPN
ajeer-262	275	11	production	production	NOUN
ajeer-262	275	12	technology	technology	NOUN
ajeer-262	275	13	:	:	PUNCT
ajeer-262	275	14	11	11	NUM
ajeer-262	275	15	[	[	X
ajeer-262	275	16	(	(	PUNCT
ajeer-262	275	17	)	)	PUNCT
ajeer-262	275	18	(	(	PUNCT
ajeer-262	275	19	)	)	PUNCT
ajeer-262	275	20	]	]	X
ajeer-262	275	21	k	k	PROPN
ajeer-262	275	22	kh	kh	PROPN
ajeer-262	275	23	e	e	PROPN
ajeer-262	275	24	t	t	PROPN
ajeer-262	275	25	t	t	PROPN
ajeer-262	275	26	t	t	PROPN
ajeer-262	275	27	t	t	PROPN
ajeer-262	275	28	ty	ty	INTJ
ajeer-262	275	29	ak	ak	PROPN
ajeer-262	275	30	h	h	NOUN
ajeer-262	275	31	h	h	PROPN
ajeer-262	275	32			PROPN
ajeer-262	275	33			PROPN
ajeer-262	275	34	(	(	PUNCT
ajeer-262	275	35	17	17	NUM
ajeer-262	275	36	)	)	PUNCT
ajeer-262	275	37	where	where	SCONJ
ajeer-262	275	38	0	0	NUM
ajeer-262	275	39	1k	1k	NUM
ajeer-262	275	40			PROPN
ajeer-262	275	41	is	be	AUX
ajeer-262	275	42	the	the	DET
ajeer-262	275	43	capital	capital	NOUN
ajeer-262	275	44	share	share	NOUN
ajeer-262	275	45	in	in	ADP
ajeer-262	275	46	aggregate	aggregate	ADJ
ajeer-262	275	47	output	output	NOUN
ajeer-262	275	48	;	;	PUNCT
ajeer-262	275	49	1	1	NUM
ajeer-262	275	50	(	(	PUNCT
ajeer-262	275	51	)	)	PUNCT
ajeer-262	275	52	(	(	PUNCT
ajeer-262	275	53	)	)	PUNCT
ajeer-262	275	54	h	h	NOUN
ajeer-262	276	1	e	e	NOUN
ajeer-262	276	2	t	t	PROPN
ajeer-262	276	3	th	th	X
ajeer-262	276	4	h	h	NOUN
ajeer-262	276	5			NOUN
ajeer-262	276	6	is	be	AUX
ajeer-262	276	7	total	total	ADJ
ajeer-262	276	8	labor	labor	NOUN
ajeer-262	276	9	supply	supply	NOUN
ajeer-262	276	10	with	with	ADP
ajeer-262	276	11	h	h	NOUN
ajeer-262	276	12	th	th	X
ajeer-262	276	13	and	and	CCONJ
ajeer-262	276	14	e	e	X
ajeer-262	276	15	th	th	X
ajeer-262	276	16	indicating	indicate	VERB
ajeer-262	276	17	the	the	DET
ajeer-262	276	18	work	work	NOUN
ajeer-262	276	19	hours	hour	NOUN
ajeer-262	276	20	of	of	ADP
ajeer-262	276	21	households	household	NOUN
ajeer-262	276	22	and	and	CCONJ
ajeer-262	276	23	entrepreneurs	entrepreneur	NOUN
ajeer-262	276	24	,	,	PUNCT
ajeer-262	276	25	respectively	respectively	ADV
ajeer-262	276	26	.	.	PUNCT
ajeer-262	277	1			PROPN
ajeer-262	277	2	is	be	AUX
ajeer-262	277	3	the	the	DET
ajeer-262	277	4	fraction	fraction	NOUN
ajeer-262	277	5	of	of	ADP
ajeer-262	277	6	work	work	NOUN
ajeer-262	277	7	hours	hour	NOUN
ajeer-262	277	8	provided	provide	VERB
ajeer-262	277	9	by	by	ADP
ajeer-262	277	10	households	household	NOUN
ajeer-262	277	11	.	.	PUNCT
ajeer-262	278	1	finally	finally	ADV
ajeer-262	278	2	,	,	PUNCT
ajeer-262	278	3	the	the	DET
ajeer-262	278	4	demand	demand	NOUN
ajeer-262	278	5	for	for	ADP
ajeer-262	278	6	capital	capital	NOUN
ajeer-262	278	7	must	must	AUX
ajeer-262	278	8	satisfy	satisfy	VERB
ajeer-262	278	9	the	the	DET
ajeer-262	278	10	following	follow	VERB
ajeer-262	278	11	condition	condition	NOUN
ajeer-262	278	12	for	for	ADP
ajeer-262	278	13	the	the	DET
ajeer-262	278	14	expected	expect	VERB
ajeer-262	278	15	return	return	NOUN
ajeer-262	278	16	on	on	ADP
ajeer-262	278	17	capital	capital	NOUN
ajeer-262	278	18	:	:	PUNCT
ajeer-262	278	19	,	,	PUNCT
ajeer-262	278	20	1	1	NUM
ajeer-262	278	21	1	1	NUM
ajeer-262	278	22	1	1	NUM
ajeer-262	278	23	(	(	PUNCT
ajeer-262	278	24	1	1	NUM
ajeer-262	278	25	)	)	PUNCT
ajeer-262	279	1	k	k	PROPN
ajeer-262	279	2	t	t	PROPN
ajeer-262	280	1	tk	tk	PROPN
ajeer-262	281	1	t	t	PROPN
ajeer-262	281	2	t	t	PROPN
ajeer-262	281	3	t	t	PROPN
ajeer-262	281	4	mp	mp	PROPN
ajeer-262	282	1	q	q	PROPN
ajeer-262	282	2	e	e	PROPN
ajeer-262	282	3	r	r	NOUN
ajeer-262	282	4	q	q	PROPN
ajeer-262	282	5			NUM
ajeer-262	282	6			ADV
ajeer-262	282	7			PUNCT
ajeer-262	282	8			ADJ
ajeer-262	282	9			PROPN
ajeer-262	282	10			PROPN
ajeer-262	282	11			PROPN
ajeer-262	283	1			PROPN
ajeer-262	283	2			PROPN
ajeer-262	284	1			PROPN
ajeer-262	284	2			NOUN
ajeer-262	284	3	(	(	PUNCT
ajeer-262	284	4	18	18	NUM
ajeer-262	284	5	)	)	PUNCT
ajeer-262	284	6	3.4	3.4	NUM
ajeer-262	284	7	.	.	PUNCT
ajeer-262	285	1	retailers	retailer	NOUN
ajeer-262	285	2	retailers	retailer	NOUN
ajeer-262	285	3	are	be	AUX
ajeer-262	285	4	included	include	VERB
ajeer-262	285	5	to	to	PART
ajeer-262	285	6	generate	generate	VERB
ajeer-262	285	7	inertia	inertia	NOUN
ajeer-262	285	8	in	in	ADP
ajeer-262	285	9	the	the	DET
ajeer-262	285	10	price	price	NOUN
ajeer-262	285	11	setting	setting	NOUN
ajeer-262	285	12	schedule	schedule	NOUN
ajeer-262	285	13	.	.	PUNCT
ajeer-262	286	1	they	they	PRON
ajeer-262	286	2	are	be	AUX
ajeer-262	286	3	monopolistic	monopolistic	ADJ
ajeer-262	286	4	firms	firm	NOUN
ajeer-262	286	5	that	that	PRON
ajeer-262	286	6	set	set	VERB
ajeer-262	286	7	their	their	PRON
ajeer-262	286	8	prices	price	NOUN
ajeer-262	286	9	in	in	ADP
ajeer-262	286	10	a	a	DET
ajeer-262	286	11	staggered	staggered	ADJ
ajeer-262	286	12	fashion	fashion	NOUN
ajeer-262	286	13	due	due	ADP
ajeer-262	286	14	to	to	ADP
ajeer-262	286	15	calvo	calvo	PROPN
ajeer-262	286	16	(	(	PUNCT
ajeer-262	286	17	1983	1983	NUM
ajeer-262	286	18	)	)	PUNCT
ajeer-262	286	19	.	.	PUNCT
ajeer-262	287	1	in	in	ADP
ajeer-262	287	2	each	each	DET
ajeer-262	287	3	period	period	NOUN
ajeer-262	287	4	,	,	PUNCT
ajeer-262	287	5	a	a	DET
ajeer-262	287	6	random	random	ADJ
ajeer-262	287	7	fraction	fraction	NOUN
ajeer-262	287	8	1	1	NUM
ajeer-262	287	9			NOUN
ajeer-262	287	10	(	(	PUNCT
ajeer-262	287	11	[	[	X
ajeer-262	287	12	0,1]	0,1]	NUM
ajeer-262	287	13			NOUN
ajeer-262	287	14	)	)	PUNCT
ajeer-262	287	15	of	of	ADP
ajeer-262	287	16	firms	firm	NOUN
ajeer-262	287	17	9	9	NUM
ajeer-262	287	18	the	the	DET
ajeer-262	287	19	complete	complete	ADJ
ajeer-262	287	20	set	set	NOUN
ajeer-262	287	21	of	of	ADP
ajeer-262	287	22	first	first	ADJ
ajeer-262	287	23	order	order	NOUN
ajeer-262	287	24	conditions	condition	NOUN
ajeer-262	287	25	is	be	AUX
ajeer-262	287	26	available	available	ADJ
ajeer-262	287	27	from	from	ADP
ajeer-262	287	28	the	the	DET
ajeer-262	287	29	author	author	NOUN
ajeer-262	287	30	upon	upon	SCONJ
ajeer-262	287	31	request	request	NOUN
ajeer-262	287	32	.	.	PUNCT
ajeer-262	288	1	asian	asian	ADJ
ajeer-262	288	2	journal	journal	PROPN
ajeer-262	288	3	of	of	ADP
ajeer-262	288	4	economics	economic	NOUN
ajeer-262	288	5	and	and	CCONJ
ajeer-262	288	6	empirical	empirical	ADJ
ajeer-262	288	7	research	research	NOUN
ajeer-262	288	8	,	,	PUNCT
ajeer-262	288	9	2019	2019	NUM
ajeer-262	288	10	,	,	PUNCT
ajeer-262	288	11	6(1	6(1	NUM
ajeer-262	288	12	):	):	PUNCT
ajeer-262	288	13	16	16	NUM
ajeer-262	288	14	-	-	SYM
ajeer-262	288	15	26	26	NUM
ajeer-262	288	16	23	23	NUM
ajeer-262	289	1	©	©	PROPN
ajeer-262	289	2	2019	2019	NUM
ajeer-262	289	3	by	by	ADP
ajeer-262	289	4	the	the	DET
ajeer-262	289	5	authors	author	NOUN
ajeer-262	289	6	;	;	PUNCT
ajeer-262	289	7	licensee	licensee	PROPN
ajeer-262	289	8	asian	asian	ADJ
ajeer-262	289	9	online	online	PROPN
ajeer-262	289	10	journal	journal	PROPN
ajeer-262	289	11	publishing	publishing	NOUN
ajeer-262	289	12	group	group	NOUN
ajeer-262	289	13	adjust	adjust	VERB
ajeer-262	289	14	their	their	PRON
ajeer-262	289	15	prices	price	NOUN
ajeer-262	289	16	optimally	optimally	ADV
ajeer-262	289	17	.	.	PUNCT
ajeer-262	290	1	the	the	DET
ajeer-262	290	2	remaining	remain	VERB
ajeer-262	290	3	fraction	fraction	NOUN
ajeer-262	290	4	,	,	PUNCT
ajeer-262	290	5			PROPN
ajeer-262	290	6	,	,	PUNCT
ajeer-262	290	7	are	be	AUX
ajeer-262	290	8	assumed	assume	VERB
ajeer-262	290	9	to	to	PART
ajeer-262	290	10	follow	follow	VERB
ajeer-262	290	11	an	an	DET
ajeer-262	290	12	adjustment	adjustment	NOUN
ajeer-262	290	13	process	process	NOUN
ajeer-262	290	14	that	that	PRON
ajeer-262	290	15	exploits	exploit	VERB
ajeer-262	290	16	indexation	indexation	NOUN
ajeer-262	290	17	of	of	ADP
ajeer-262	290	18	current	current	ADJ
ajeer-262	290	19	prices	price	NOUN
ajeer-262	290	20	to	to	ADP
ajeer-262	290	21	inflation	inflation	NOUN
ajeer-262	290	22	in	in	ADP
ajeer-262	290	23	the	the	DET
ajeer-262	290	24	previous	previous	ADJ
ajeer-262	290	25	period	period	NOUN
ajeer-262	290	26	:	:	PUNCT
ajeer-262	291	1	1	1	NUM
ajeer-262	291	2	2	2	NUM
ajeer-262	291	3	(	(	PUNCT
ajeer-262	291	4	j	j	NOUN
ajeer-262	291	5	)	)	PUNCT
ajeer-262	291	6	p	p	NOUN
ajeer-262	291	7	(	(	PUNCT
ajeer-262	291	8	)	)	PUNCT
ajeer-262	291	9	i	i	PRON
ajeer-262	291	10	t	t	NOUN
ajeer-262	291	11	t	t	PROPN
ajeer-262	291	12	t	t	PROPN
ajeer-262	291	13	t	t	PROPN
ajeer-262	291	14	t	t	PROPN
ajeer-262	292	1	p	p	X
ajeer-262	292	2	p	p	PROPN
ajeer-262	292	3	j	j	PROPN
ajeer-262	292	4	p	p	X
ajeer-262	292	5			PROPN
ajeer-262	292	6			PROPN
ajeer-262	292	7			PROPN
ajeer-262	292	8			PROPN
ajeer-262	292	9			NOUN
ajeer-262	292	10			PROPN
ajeer-262	293	1			PROPN
ajeer-262	294	1			PROPN
ajeer-262	294	2			PROPN
ajeer-262	295	1			PROPN
ajeer-262	295	2			NOUN
ajeer-262	295	3	(	(	PUNCT
ajeer-262	295	4	19	19	NUM
ajeer-262	295	5	)	)	PUNCT
ajeer-262	295	6	denoting	denote	VERB
ajeer-262	295	7	the	the	DET
ajeer-262	295	8	price	price	NOUN
ajeer-262	295	9	level	level	NOUN
ajeer-262	295	10	that	that	SCONJ
ajeer-262	295	11	the	the	DET
ajeer-262	295	12	optimizing	optimize	VERB
ajeer-262	295	13	firm	firm	NOUN
ajeer-262	295	14	chooses	choose	VERB
ajeer-262	295	15	in	in	ADP
ajeer-262	295	16	each	each	DET
ajeer-262	295	17	period	period	NOUN
ajeer-262	295	18	by	by	ADP
ajeer-262	295	19	tp	tp	PRON
ajeer-262	295	20	,	,	PUNCT
ajeer-262	295	21	the	the	DET
ajeer-262	295	22	aggregate	aggregate	ADJ
ajeer-262	295	23	price	price	NOUN
ajeer-262	295	24	level	level	NOUN
ajeer-262	295	25	in	in	ADP
ajeer-262	295	26	the	the	DET
ajeer-262	295	27	domestic	domestic	ADJ
ajeer-262	295	28	economy	economy	NOUN
ajeer-262	295	29	evolves	evolve	VERB
ajeer-262	295	30	according	accord	VERB
ajeer-262	295	31	to	to	ADP
ajeer-262	295	32	the	the	DET
ajeer-262	295	33	pricing	pricing	NOUN
ajeer-262	295	34	rule	rule	NOUN
ajeer-262	295	35	:	:	PUNCT
ajeer-262	295	36	1	1	NUM
ajeer-262	295	37	1	1	NUM
ajeer-262	295	38	1	1	NUM
ajeer-262	295	39	1	1	NUM
ajeer-262	295	40	1	1	NUM
ajeer-262	295	41	1	1	NUM
ajeer-262	295	42	2	2	NUM
ajeer-262	295	43	(	(	PUNCT
ajeer-262	295	44	1	1	NUM
ajeer-262	295	45	)	)	PUNCT
ajeer-262	295	46	t	t	NOUN
ajeer-262	295	47	t	t	PROPN
ajeer-262	295	48	t	t	PROPN
ajeer-262	295	49	t	t	PROPN
ajeer-262	295	50	t	t	PROPN
ajeer-262	295	51	p	p	X
ajeer-262	295	52	p	p	PROPN
ajeer-262	295	53	p	p	PROPN
ajeer-262	295	54	p	p	X
ajeer-262	295	55	p	p	NOUN
ajeer-262	295	56			NOUN
ajeer-262	295	57			PROPN
ajeer-262	295	58			PROPN
ajeer-262	295	59			X
ajeer-262	295	60			PROPN
ajeer-262	295	61			PROPN
ajeer-262	295	62			PROPN
ajeer-262	295	63			PROPN
ajeer-262	295	64			PROPN
ajeer-262	295	65			NOUN
ajeer-262	295	66			ADP
ajeer-262	295	67			VERB
ajeer-262	295	68			PROPN
ajeer-262	295	69			NOUN
ajeer-262	295	70			NUM
ajeer-262	295	71			NOUN
ajeer-262	295	72			X
ajeer-262	295	73			PROPN
ajeer-262	295	74			VERB
ajeer-262	295	75			NOUN
ajeer-262	295	76			NUM
ajeer-262	295	77			NOUN
ajeer-262	295	78			SYM
ajeer-262	295	79			NOUN
ajeer-262	295	80			NOUN
ajeer-262	295	81			ADJ
ajeer-262	295	82			PROPN
ajeer-262	295	83	(	(	PUNCT
ajeer-262	295	84	20a	20a	NOUN
ajeer-262	295	85	)	)	PUNCT
ajeer-262	295	86	or	or	CCONJ
ajeer-262	295	87	2	2	NUM
ajeer-262	295	88	1	1	NUM
ajeer-262	295	89	1(1	1(1	NUM
ajeer-262	295	90	)	)	PUNCT
ajeer-262	295	91	(	(	PUNCT
ajeer-262	295	92	)	)	PUNCT
ajeer-262	295	93	t	t	NOUN
ajeer-262	295	94	t	t	PROPN
ajeer-262	295	95	t	t	PROPN
ajeer-262	295	96	tp	tp	ADP
ajeer-262	295	97	p	p	PROPN
ajeer-262	295	98			X
ajeer-262	295	99			PROPN
ajeer-262	296	1			PROPN
ajeer-262	296	2			ADJ
ajeer-262	296	3			PROPN
ajeer-262	296	4			PROPN
ajeer-262	296	5			X
ajeer-262	296	6	(	(	PUNCT
ajeer-262	296	7	20b	20b	NOUN
ajeer-262	296	8	)	)	PUNCT
ajeer-262	296	9	those	those	DET
ajeer-262	296	10	optimizing	optimize	VERB
ajeer-262	296	11	firms	firm	NOUN
ajeer-262	296	12	that	that	PRON
ajeer-262	296	13	are	be	AUX
ajeer-262	296	14	able	able	ADJ
ajeer-262	296	15	to	to	PART
ajeer-262	296	16	adjust	adjust	VERB
ajeer-262	296	17	their	their	PRON
ajeer-262	296	18	prices	price	NOUN
ajeer-262	296	19	in	in	ADP
ajeer-262	296	20	the	the	DET
ajeer-262	296	21	current	current	ADJ
ajeer-262	296	22	period	period	NOUN
ajeer-262	296	23	will	will	AUX
ajeer-262	296	24	choose	choose	VERB
ajeer-262	296	25	tp	tp	NOUN
ajeer-262	296	26	in	in	ADP
ajeer-262	296	27	such	such	DET
ajeer-262	296	28	a	a	DET
ajeer-262	296	29	way	way	NOUN
ajeer-262	296	30	as	as	SCONJ
ajeer-262	296	31	to	to	PART
ajeer-262	296	32	maximize	maximize	VERB
ajeer-262	296	33	the	the	DET
ajeer-262	296	34	present	present	ADJ
ajeer-262	296	35	discounted	discount	VERB
ajeer-262	296	36	sum	sum	NOUN
ajeer-262	296	37	of	of	ADP
ajeer-262	296	38	future	future	ADJ
ajeer-262	296	39	streams	stream	NOUN
ajeer-262	296	40	of	of	ADP
ajeer-262	296	41	profits	profit	NOUN
ajeer-262	296	42	subject	subject	ADJ
ajeer-262	296	43	to	to	ADP
ajeer-262	296	44	the	the	DET
ajeer-262	296	45	sequence	sequence	NOUN
ajeer-262	296	46	of	of	ADP
ajeer-262	296	47	demand	demand	NOUN
ajeer-262	296	48	constraints	constraint	NOUN
ajeer-262	296	49	for	for	ADP
ajeer-262	296	50	household	household	NOUN
ajeer-262	296	51	and	and	CCONJ
ajeer-262	296	52	residual	residual	ADJ
ajeer-262	296	53	government	government	NOUN
ajeer-262	296	54	consumption	consumption	NOUN
ajeer-262	296	55	:	:	PUNCT
ajeer-262	297	1			NOUN
ajeer-262	297	2			SYM
ajeer-262	297	3			NOUN
ajeer-262	297	4			X
ajeer-262	297	5			PROPN
ajeer-262	297	6			PROPN
ajeer-262	297	7	,	,	PUNCT
ajeer-262	297	8	0	0	NUM
ajeer-262	297	9	max	max	PROPN
ajeer-262	297	10	t	t	PROPN
ajeer-262	297	11	j	j	PROPN
ajeer-262	297	12	n	n	ADP
ajeer-262	297	13	t	t	PROPN
ajeer-262	298	1	j	j	PROPN
ajeer-262	298	2	t	t	PROPN
ajeer-262	298	3	j	j	PROPN
ajeer-262	298	4	h	h	PROPN
ajeer-262	298	5	t	t	PROPN
ajeer-262	298	6	t	t	PROPN
ajeer-262	298	7	j	j	PROPN
ajeer-262	298	8	p	p	X
ajeer-262	298	9	j	j	PROPN
ajeer-262	298	10	q	q	X
ajeer-262	298	11	y	y	PROPN
ajeer-262	298	12	p	p	NOUN
ajeer-262	298	13	mc	mc	DET
ajeer-262	298	14			PROPN
ajeer-262	298	15			PUNCT
ajeer-262	298	16			ADV
ajeer-262	298	17			PUNCT
ajeer-262	298	18			PROPN
ajeer-262	298	19			X
ajeer-262	298	20	(	(	PUNCT
ajeer-262	298	21	21	21	NUM
ajeer-262	298	22	)	)	PUNCT
ajeer-262	298	23	subject	subject	NOUN
ajeer-262	298	24	to	to	ADP
ajeer-262	298	25			PROPN
ajeer-262	298	26	t	t	PROPN
ajeer-262	299	1	t	t	PROPN
ajeer-262	299	2	j	j	PROPN
ajeer-262	299	3	t	t	PROPN
ajeer-262	299	4	j	j	PROPN
ajeer-262	299	5	t	t	PROPN
ajeer-262	299	6	t	t	PROPN
ajeer-262	300	1	j	j	PROPN
ajeer-262	300	2	p	p	X
ajeer-262	300	3	y	y	PROPN
ajeer-262	300	4	c	c	NOUN
ajeer-262	300	5	g	g	PROPN
ajeer-262	300	6	p	p	PROPN
ajeer-262	300	7			PROPN
ajeer-262	300	8			PUNCT
ajeer-262	300	9			X
ajeer-262	300	10			PUNCT
ajeer-262	300	11			NOUN
ajeer-262	300	12			PROPN
ajeer-262	300	13			NUM
ajeer-262	300	14			PROPN
ajeer-262	300	15			X
ajeer-262	300	16			PROPN
ajeer-262	300	17			ADJ
ajeer-262	300	18			NOUN
ajeer-262	300	19	where	where	SCONJ
ajeer-262	300	20	n	n	PRON
ajeer-262	300	21	t	t	PROPN
ajeer-262	300	22	jmc	jmc	PROPN
ajeer-262	300	23			ADV
ajeer-262	300	24	is	be	AUX
ajeer-262	300	25	the	the	DET
ajeer-262	300	26	nominal	nominal	ADJ
ajeer-262	300	27	marginal	marginal	ADJ
ajeer-262	300	28	cost	cost	NOUN
ajeer-262	300	29	while	while	SCONJ
ajeer-262	300	30	j	j	PROPN
ajeer-262	300	31	t	t	PROPN
ajeer-262	300	32	t	t	PROPN
ajeer-262	300	33	je	je	NOUN
ajeer-262	300	34			PROPN
ajeer-262	300	35	is	be	AUX
ajeer-262	300	36	the	the	DET
ajeer-262	300	37	effective	effective	ADJ
ajeer-262	300	38	stochastic	stochastic	ADJ
ajeer-262	300	39	discount	discount	NOUN
ajeer-262	300	40	factor	factor	NOUN
ajeer-262	300	41	that	that	PRON
ajeer-262	300	42	considers	consider	VERB
ajeer-262	300	43	the	the	DET
ajeer-262	300	44	fact	fact	NOUN
ajeer-262	300	45	that	that	SCONJ
ajeer-262	300	46	firms	firm	NOUN
ajeer-262	300	47	have	have	AUX
ajeer-262	300	48	a	a	DET
ajeer-262	300	49	1	1	NUM
ajeer-262	300	50			NOUN
ajeer-262	300	51	provability	provability	NOUN
ajeer-262	300	52	of	of	ADP
ajeer-262	300	53	being	be	AUX
ajeer-262	300	54	able	able	ADJ
ajeer-262	300	55	to	to	PART
ajeer-262	300	56	reset	reset	VERB
ajeer-262	300	57	their	their	PRON
ajeer-262	300	58	prices	price	NOUN
ajeer-262	300	59	in	in	ADP
ajeer-262	300	60	each	each	DET
ajeer-262	300	61	period	period	NOUN
ajeer-262	300	62	.	.	PUNCT
ajeer-262	301	1	3.5	3.5	NUM
ajeer-262	301	2	.	.	PUNCT
ajeer-262	302	1	households	household	NOUN
ajeer-262	302	2	the	the	DET
ajeer-262	302	3	economy	economy	NOUN
ajeer-262	302	4	is	be	AUX
ajeer-262	302	5	inhabited	inhabit	VERB
ajeer-262	302	6	by	by	ADP
ajeer-262	302	7	an	an	DET
ajeer-262	302	8	infinitely	infinitely	ADV
ajeer-262	302	9	lived	live	VERB
ajeer-262	302	10	forward	forward	ADV
ajeer-262	302	11	looking	look	VERB
ajeer-262	302	12	representative	representative	ADJ
ajeer-262	302	13	household	household	NOUN
ajeer-262	302	14	.	.	PUNCT
ajeer-262	303	1	the	the	DET
ajeer-262	303	2	household	household	NOUN
ajeer-262	303	3	engages	engage	VERB
ajeer-262	303	4	in	in	ADP
ajeer-262	303	5	key	key	ADJ
ajeer-262	303	6	economic	economic	ADJ
ajeer-262	303	7	decisions	decision	NOUN
ajeer-262	303	8	that	that	PRON
ajeer-262	303	9	involve	involve	VERB
ajeer-262	303	10	labor	labor	NOUN
ajeer-262	303	11	supply	supply	NOUN
ajeer-262	303	12	,	,	PUNCT
ajeer-262	303	13	consumption	consumption	NOUN
ajeer-262	303	14	,	,	PUNCT
ajeer-262	303	15	and	and	CCONJ
ajeer-262	303	16	saving	saving	NOUN
ajeer-262	303	17	.	.	PUNCT
ajeer-262	304	1	the	the	DET
ajeer-262	304	2	typical	typical	ADJ
ajeer-262	304	3	household	household	NOUN
ajeer-262	304	4	has	have	VERB
ajeer-262	304	5	the	the	DET
ajeer-262	304	6	opportunity	opportunity	NOUN
ajeer-262	304	7	to	to	PART
ajeer-262	304	8	allocate	allocate	VERB
ajeer-262	304	9	its	its	PRON
ajeer-262	304	10	savings	saving	NOUN
ajeer-262	304	11	between	between	ADP
ajeer-262	304	12	riskless	riskless	NOUN
ajeer-262	304	13	deposits	deposit	NOUN
ajeer-262	304	14	(	(	PUNCT
ajeer-262	304	15	td	td	NOUN
ajeer-262	304	16	)	)	PUNCT
ajeer-262	304	17	and	and	CCONJ
ajeer-262	304	18	risky	risky	ADJ
ajeer-262	304	19	equity	equity	NOUN
ajeer-262	304	20	investment	investment	NOUN
ajeer-262	304	21	(	(	PUNCT
ajeer-262	304	22	ts	ts	NOUN
ajeer-262	304	23	)	)	PUNCT
ajeer-262	304	24	offered	offer	VERB
ajeer-262	304	25	by	by	ADP
ajeer-262	304	26	banks	bank	NOUN
ajeer-262	304	27	,	,	PUNCT
ajeer-262	304	28	which	which	PRON
ajeer-262	304	29	offer	offer	VERB
ajeer-262	304	30	expected	expect	VERB
ajeer-262	304	31	returns	return	NOUN
ajeer-262	304	32	of	of	ADP
ajeer-262	304	33	1	1	NUM
ajeer-262	304	34	d	d	NOUN
ajeer-262	304	35	tr	tr	ADJ
ajeer-262	304	36	and	and	CCONJ
ajeer-262	304	37	1	1	NUM
ajeer-262	304	38	s	s	NOUN
ajeer-262	304	39	tr	tr	ADJ
ajeer-262	304	40	,	,	PUNCT
ajeer-262	304	41	respectively	respectively	ADV
ajeer-262	304	42	.	.	PUNCT
ajeer-262	305	1	the	the	DET
ajeer-262	305	2	maximization	maximization	NOUN
ajeer-262	305	3	problem	problem	NOUN
ajeer-262	305	4	of	of	ADP
ajeer-262	305	5	the	the	DET
ajeer-262	305	6	typical	typical	ADJ
ajeer-262	305	7	household	household	NOUN
ajeer-262	305	8	is	be	AUX
ajeer-262	305	9	:	:	PUNCT
ajeer-262	305	10	1	1	NUM
ajeer-262	305	11	1	1	NUM
ajeer-262	305	12	1	1	NUM
ajeer-262	305	13	1	1	NUM
ajeer-262	305	14	1	1	NUM
ajeer-262	305	15	0	0	NUM
ajeer-262	305	16	,	,	PUNCT
ajeer-262	305	17	,	,	PUNCT
ajeer-262	305	18	,	,	PUNCT
ajeer-262	305	19	(	(	PUNCT
ajeer-262	305	20	)	)	PUNCT
ajeer-262	305	21	max	max	PROPN
ajeer-262	305	22	1	1	NUM
ajeer-262	305	23	1	1	NUM
ajeer-262	305	24	1	1	NUM
ajeer-262	305	25	t	t	NOUN
ajeer-262	305	26	t	t	NOUN
ajeer-262	305	27	t	t	PROPN
ajeer-262	305	28	t	t	PROPN
ajeer-262	305	29	h	h	PROPN
ajeer-262	305	30	j	j	PROPN
ajeer-262	305	31	t	t	PROPN
ajeer-262	305	32	t	t	PROPN
ajeer-262	305	33	t	t	PROPN
ajeer-262	305	34	jc	jc	PROPN
ajeer-262	305	35	n	n	PROPN
ajeer-262	305	36	d	d	PROPN
ajeer-262	305	37	s	s	PROPN
ajeer-262	305	38	c	c	NOUN
ajeer-262	305	39	d	d	X
ajeer-262	305	40	h	h	NOUN
ajeer-262	305	41			PROPN
ajeer-262	305	42			PROPN
ajeer-262	305	43			PROPN
ajeer-262	305	44			X
ajeer-262	305	45			PROPN
ajeer-262	305	46			PROPN
ajeer-262	305	47			NOUN
ajeer-262	305	48			PUNCT
ajeer-262	305	49			PROPN
ajeer-262	305	50			PROPN
ajeer-262	305	51			ADV
ajeer-262	305	52			ADV
ajeer-262	305	53			PROPN
ajeer-262	305	54			PROPN
ajeer-262	305	55			NOUN
ajeer-262	305	56			PROPN
ajeer-262	305	57			PROPN
ajeer-262	305	58			PROPN
ajeer-262	305	59			PROPN
ajeer-262	305	60			PROPN
ajeer-262	305	61			PROPN
ajeer-262	305	62			PROPN
ajeer-262	305	63			PROPN
ajeer-262	305	64	s.t	s.t	PROPN
ajeer-262	305	65	.	.	PROPN
ajeer-262	305	66	1	1	NUM
ajeer-262	305	67	1	1	NUM
ajeer-262	305	68	h	h	NOUN
ajeer-262	305	69	h	h	NOUN
ajeer-262	306	1	d	d	PROPN
ajeer-262	306	2	s	s	PROPN
ajeer-262	306	3	t	t	PROPN
ajeer-262	306	4	t	t	PROPN
ajeer-262	306	5	t	t	PROPN
ajeer-262	306	6	t	t	PROPN
ajeer-262	306	7	t	t	PROPN
ajeer-262	306	8	t	t	PROPN
ajeer-262	306	9	t	t	PROPN
ajeer-262	306	10	t	t	PROPN
ajeer-262	306	11	t	t	PROPN
ajeer-262	306	12	t	t	PROPN
ajeer-262	306	13	tc	tc	NUM
ajeer-262	306	14	d	d	PROPN
ajeer-262	306	15	s	s	PROPN
ajeer-262	306	16	t	t	PROPN
ajeer-262	306	17	w	w	NOUN
ajeer-262	306	18	h	h	NOUN
ajeer-262	307	1	r	r	NOUN
ajeer-262	308	1	d	d	NOUN
ajeer-262	309	1	r	r	NOUN
ajeer-262	310	1	s	s	NOUN
ajeer-262	310	2			PROPN
ajeer-262	310	3			ADV
ajeer-262	310	4			PUNCT
ajeer-262	310	5			PROPN
ajeer-262	310	6			PROPN
ajeer-262	310	7			NOUN
ajeer-262	310	8			ADJ
ajeer-262	310	9	(	(	PUNCT
ajeer-262	310	10	22	22	NUM
ajeer-262	310	11	)	)	PUNCT
ajeer-262	310	12	where	where	SCONJ
ajeer-262	310	13			NOUN
ajeer-262	310	14	is	be	AUX
ajeer-262	310	15	the	the	DET
ajeer-262	310	16	subjective	subjective	ADJ
ajeer-262	310	17	discount	discount	NOUN
ajeer-262	310	18	rate	rate	NOUN
ajeer-262	310	19	,	,	PUNCT
ajeer-262	310	20			PROPN
ajeer-262	310	21	is	be	AUX
ajeer-262	310	22	the	the	DET
ajeer-262	310	23	inter	inter	ADJ
ajeer-262	310	24	-	-	ADJ
ajeer-262	310	25	temporal	temporal	ADJ
ajeer-262	310	26	elasticity	elasticity	NOUN
ajeer-262	310	27	of	of	ADP
ajeer-262	310	28	substitution	substitution	NOUN
ajeer-262	310	29	(	(	PUNCT
ajeer-262	310	30	same	same	ADJ
ajeer-262	310	31	for	for	ADP
ajeer-262	310	32	both	both	CCONJ
ajeer-262	310	33	consumption	consumption	NOUN
ajeer-262	310	34	and	and	CCONJ
ajeer-262	310	35	deposit	deposit	NOUN
ajeer-262	310	36	demand	demand	NOUN
ajeer-262	310	37	)	)	PUNCT
ajeer-262	310	38	,	,	PUNCT
ajeer-262	310	39			PROPN
ajeer-262	310	40	is	be	AUX
ajeer-262	310	41	the	the	DET
ajeer-262	310	42	inverse	inverse	ADJ
ajeer-262	310	43	elasticity	elasticity	NOUN
ajeer-262	310	44	of	of	ADP
ajeer-262	310	45	labor	labor	NOUN
ajeer-262	310	46	supply	supply	NOUN
ajeer-262	310	47	;	;	PUNCT
ajeer-262	310	48	h	h	NOUN
ajeer-262	310	49	th	th	X
ajeer-262	310	50	captures	capture	VERB
ajeer-262	310	51	the	the	DET
ajeer-262	310	52	number	number	NOUN
ajeer-262	310	53	of	of	ADP
ajeer-262	310	54	hours	hour	NOUN
ajeer-262	310	55	worked	work	VERB
ajeer-262	310	56	,	,	PUNCT
ajeer-262	310	57	h	h	PROPN
ajeer-262	310	58	tw	tw	PROPN
ajeer-262	310	59	is	be	AUX
ajeer-262	310	60	the	the	DET
ajeer-262	310	61	hourly	hourly	ADJ
ajeer-262	310	62	household	household	NOUN
ajeer-262	310	63	real	real	ADJ
ajeer-262	310	64	wage	wage	NOUN
ajeer-262	310	65	rate	rate	NOUN
ajeer-262	310	66	,	,	PUNCT
ajeer-262	310	67	tt	tt	PROPN
ajeer-262	310	68	is	be	AUX
ajeer-262	310	69	tax	tax	NOUN
ajeer-262	310	70	expense	expense	NOUN
ajeer-262	310	71	,	,	PUNCT
ajeer-262	310	72	t	t	PROPN
ajeer-262	310	73	is	be	AUX
ajeer-262	310	74	the	the	DET
ajeer-262	310	75	dividend	dividend	NOUN
ajeer-262	310	76	receipts	receipt	NOUN
ajeer-262	310	77	,	,	PUNCT
ajeer-262	310	78	tc	tc	NUM
ajeer-262	310	79	denotes	denote	VERB
ajeer-262	310	80	the	the	DET
ajeer-262	310	81	real	real	ADJ
ajeer-262	310	82	composite	composite	ADJ
ajeer-262	310	83	consumption	consumption	NOUN
ajeer-262	310	84	index	index	NOUN
ajeer-262	310	85	of	of	ADP
ajeer-262	310	86	home	home	NOUN
ajeer-262	310	87	produced	produce	VERB
ajeer-262	310	88	goods	good	NOUN
ajeer-262	310	89	and	and	CCONJ
ajeer-262	310	90	services	service	NOUN
ajeer-262	310	91	.	.	PUNCT
ajeer-262	311	1	4	4	X
ajeer-262	311	2	.	.	NOUN
ajeer-262	311	3	results	result	NOUN
ajeer-262	311	4	and	and	CCONJ
ajeer-262	311	5	discussion	discussion	NOUN
ajeer-262	311	6	4.1	4.1	NUM
ajeer-262	311	7	.	.	PUNCT
ajeer-262	312	1	calibration	calibration	VERB
ajeer-262	312	2	the	the	DET
ajeer-262	312	3	quarterly	quarterly	ADJ
ajeer-262	312	4	business	business	NOUN
ajeer-262	312	5	bankruptcy	bankruptcy	NOUN
ajeer-262	312	6	rate	rate	NOUN
ajeer-262	312	7	is	be	AUX
ajeer-262	312	8	set	set	VERB
ajeer-262	312	9	to	to	ADP
ajeer-262	312	10	0.0075	0.0075	NUM
ajeer-262	312	11	based	base	VERB
ajeer-262	312	12	on	on	ADP
ajeer-262	312	13	the	the	DET
ajeer-262	312	14	international	international	ADJ
ajeer-262	312	15	development	development	PROPN
ajeer-262	312	16	research	research	NOUN
ajeer-262	312	17	centre	centre	PROPN
ajeer-262	312	18	(	(	PUNCT
ajeer-262	312	19	idrc	idrc	PROPN
ajeer-262	312	20	)	)	PUNCT
ajeer-262	312	21	survey	survey	NOUN
ajeer-262	312	22	results	result	NOUN
ajeer-262	312	23	which	which	PRON
ajeer-262	312	24	report	report	VERB
ajeer-262	312	25	an	an	DET
ajeer-262	312	26	annual	annual	ADJ
ajeer-262	312	27	3	3	NUM
ajeer-262	312	28	per	per	ADP
ajeer-262	312	29	cent	cent	NOUN
ajeer-262	312	30	business	business	NOUN
ajeer-262	312	31	discontinuance	discontinuance	NOUN
ajeer-262	312	32	rate	rate	NOUN
ajeer-262	312	33	for	for	ADP
ajeer-262	312	34	ethiopia	ethiopia	PROPN
ajeer-262	312	35	.	.	PUNCT
ajeer-262	313	1	the	the	DET
ajeer-262	313	2	loan	loan	NOUN
ajeer-262	313	3	monitoring	monitoring	NOUN
ajeer-262	313	4	cost	cost	NOUN
ajeer-262	313	5	is	be	AUX
ajeer-262	313	6	fixed	fix	VERB
ajeer-262	313	7	at	at	ADP
ajeer-262	313	8	0.12	0.12	NUM
ajeer-262	313	9	as	as	ADP
ajeer-262	313	10	in	in	ADP
ajeer-262	313	11	bernanke	bernanke	PROPN
ajeer-262	313	12	et	et	PROPN
ajeer-262	313	13	al	al	PROPN
ajeer-262	313	14	.	.	PUNCT
ajeer-262	314	1	(	(	PUNCT
ajeer-262	314	2	1999	1999	NUM
ajeer-262	314	3	)	)	PUNCT
ajeer-262	314	4	.	.	PUNCT
ajeer-262	315	1	the	the	DET
ajeer-262	315	2	fraction	fraction	NOUN
ajeer-262	315	3	of	of	ADP
ajeer-262	315	4	entrepreneurs	entrepreneur	NOUN
ajeer-262	315	5	who	who	PRON
ajeer-262	315	6	survive	survive	VERB
ajeer-262	315	7	to	to	ADP
ajeer-262	315	8	the	the	DET
ajeer-262	315	9	next	next	ADJ
ajeer-262	315	10	period	period	NOUN
ajeer-262	315	11	is	be	AUX
ajeer-262	315	12	assumed	assume	VERB
ajeer-262	315	13	to	to	PART
ajeer-262	315	14	be	be	AUX
ajeer-262	315	15	97	97	NUM
ajeer-262	315	16	percent	percent	NOUN
ajeer-262	315	17	.	.	PUNCT
ajeer-262	316	1	these	these	DET
ajeer-262	316	2	values	value	NOUN
ajeer-262	316	3	suggest	suggest	VERB
ajeer-262	316	4	a	a	DET
ajeer-262	316	5	steady	steady	ADJ
ajeer-262	316	6	state	state	NOUN
ajeer-262	316	7	leverage	leverage	NOUN
ajeer-262	316	8	ratio	ratio	NOUN
ajeer-262	316	9	of	of	ADP
ajeer-262	316	10	1.932	1.932	NUM
ajeer-262	316	11	,	,	PUNCT
ajeer-262	316	12	an	an	DET
ajeer-262	316	13	annual	annual	ADJ
ajeer-262	316	14	external	external	ADJ
ajeer-262	316	15	finance	finance	NOUN
ajeer-262	316	16	premium	premium	NOUN
ajeer-262	316	17	of	of	ADP
ajeer-262	316	18	200	200	NUM
ajeer-262	316	19	basis	basis	NOUN
ajeer-262	316	20	points	point	NOUN
ajeer-262	316	21	,	,	PUNCT
ajeer-262	316	22	and	and	CCONJ
ajeer-262	316	23	an	an	DET
ajeer-262	316	24	elasticity	elasticity	NOUN
ajeer-262	316	25	of	of	ADP
ajeer-262	316	26	external	external	ADJ
ajeer-262	316	27	finance	finance	NOUN
ajeer-262	316	28	premium	premium	NOUN
ajeer-262	316	29	to	to	PART
ajeer-262	316	30	leverage	leverage	VERB
ajeer-262	316	31	ratio	ratio	NOUN
ajeer-262	316	32	of	of	ADP
ajeer-262	316	33	0.041	0.041	NUM
ajeer-262	316	34	.	.	PUNCT
ajeer-262	317	1	based	base	VERB
ajeer-262	317	2	on	on	ADP
ajeer-262	317	3	these	these	DET
ajeer-262	317	4	values	value	NOUN
ajeer-262	317	5	and	and	CCONJ
ajeer-262	317	6	choosing	choose	VERB
ajeer-262	317	7	a	a	DET
ajeer-262	317	8	value	value	NOUN
ajeer-262	317	9	of	of	ADP
ajeer-262	317	10	1.01	1.01	NUM
ajeer-262	317	11	for	for	ADP
ajeer-262	317	12	the	the	DET
ajeer-262	317	13	quarterly	quarterly	ADJ
ajeer-262	317	14	gross	gross	ADJ
ajeer-262	317	15	risk	risk	NOUN
ajeer-262	317	16	-	-	PUNCT
ajeer-262	317	17	free	free	ADJ
ajeer-262	317	18	rate	rate	NOUN
ajeer-262	317	19	,	,	PUNCT
ajeer-262	317	20	we	we	PRON
ajeer-262	317	21	get	get	VERB
ajeer-262	317	22	a	a	DET
ajeer-262	317	23	quarterly	quarterly	ADJ
ajeer-262	317	24	gross	gross	ADJ
ajeer-262	317	25	return	return	NOUN
ajeer-262	317	26	on	on	ADP
ajeer-262	317	27	capital	capital	NOUN
ajeer-262	317	28	equal	equal	ADJ
ajeer-262	317	29	to	to	ADP
ajeer-262	317	30	1.0157	1.0157	NUM
ajeer-262	317	31	and	and	CCONJ
ajeer-262	317	32	a	a	DET
ajeer-262	317	33	quarterly	quarterly	ADJ
ajeer-262	317	34	gross	gross	ADJ
ajeer-262	317	35	bank	bank	NOUN
ajeer-262	317	36	financing	financing	NOUN
ajeer-262	317	37	cost	cost	NOUN
ajeer-262	317	38	of	of	ADP
ajeer-262	317	39	1.0107	1.0107	NUM
ajeer-262	317	40	.	.	PUNCT
ajeer-262	318	1	see	see	VERB
ajeer-262	318	2	appendix	appendix	VERB
ajeer-262	318	3	a	a	PRON
ajeer-262	318	4	for	for	ADP
ajeer-262	318	5	the	the	DET
ajeer-262	318	6	complete	complete	ADJ
ajeer-262	318	7	list	list	NOUN
ajeer-262	318	8	of	of	ADP
ajeer-262	318	9	parameters	parameter	NOUN
ajeer-262	318	10	and	and	CCONJ
ajeer-262	318	11	their	their	PRON
ajeer-262	318	12	definition	definition	NOUN
ajeer-262	318	13	.	.	PUNCT
ajeer-262	319	1	asian	asian	ADJ
ajeer-262	319	2	journal	journal	PROPN
ajeer-262	319	3	of	of	ADP
ajeer-262	319	4	economics	economic	NOUN
ajeer-262	319	5	and	and	CCONJ
ajeer-262	319	6	empirical	empirical	ADJ
ajeer-262	319	7	research	research	NOUN
ajeer-262	319	8	,	,	PUNCT
ajeer-262	319	9	2019	2019	NUM
ajeer-262	319	10	,	,	PUNCT
ajeer-262	319	11	6(1	6(1	NUM
ajeer-262	319	12	):	):	PUNCT
ajeer-262	319	13	16	16	NUM
ajeer-262	319	14	-	-	SYM
ajeer-262	319	15	26	26	NUM
ajeer-262	319	16	24	24	NUM
ajeer-262	319	17	©	©	PROPN
ajeer-262	319	18	2019	2019	NUM
ajeer-262	319	19	by	by	ADP
ajeer-262	319	20	the	the	DET
ajeer-262	319	21	authors	author	NOUN
ajeer-262	319	22	;	;	PUNCT
ajeer-262	319	23	licensee	licensee	PROPN
ajeer-262	319	24	asian	asian	ADJ
ajeer-262	319	25	online	online	PROPN
ajeer-262	319	26	journal	journal	PROPN
ajeer-262	319	27	publishing	publishing	NOUN
ajeer-262	319	28	group	group	PROPN
ajeer-262	319	29	4.2	4.2	NUM
ajeer-262	319	30	.	.	PUNCT
ajeer-262	320	1	simulation	simulation	NOUN
ajeer-262	320	2	results	result	VERB
ajeer-262	320	3	figure-1	figure-1	PROPN
ajeer-262	320	4	.	.	PUNCT
ajeer-262	321	1	impulse	impulse	ADJ
ajeer-262	321	2	response	response	NOUN
ajeer-262	321	3	to	to	ADP
ajeer-262	321	4	monetary	monetary	ADJ
ajeer-262	321	5	policy	policy	NOUN
ajeer-262	321	6	shock	shock	NOUN
ajeer-262	321	7	with	with	ADP
ajeer-262	321	8	financial	financial	ADJ
ajeer-262	321	9	frictions	friction	NOUN
ajeer-262	321	10	(	(	PUNCT
ajeer-262	321	11	solid	solid	ADJ
ajeer-262	321	12	line	line	NOUN
ajeer-262	321	13	)	)	PUNCT
ajeer-262	321	14	and	and	CCONJ
ajeer-262	321	15	without	without	ADP
ajeer-262	321	16	financial	financial	ADJ
ajeer-262	321	17	frictions	friction	NOUN
ajeer-262	321	18	(	(	PUNCT
ajeer-262	321	19	dotted	dotted	ADJ
ajeer-262	321	20	line	line	NOUN
ajeer-262	321	21	)	)	PUNCT
ajeer-262	321	22	source	source	NOUN
ajeer-262	321	23	:	:	PUNCT
ajeer-262	321	24	(	(	PUNCT
ajeer-262	321	25	author‘s	author‘s	ADP
ajeer-262	321	26	own	own	ADJ
ajeer-262	321	27	simulation	simulation	NOUN
ajeer-262	321	28	results	result	NOUN
ajeer-262	321	29	)	)	PUNCT
ajeer-262	321	30	figure	figure	NOUN
ajeer-262	321	31	1	1	NUM
ajeer-262	321	32	shows	show	VERB
ajeer-262	321	33	the	the	DET
ajeer-262	321	34	relative	relative	ADJ
ajeer-262	321	35	responses	response	NOUN
ajeer-262	321	36	of	of	ADP
ajeer-262	321	37	selected	select	VERB
ajeer-262	321	38	endogenous	endogenous	ADJ
ajeer-262	321	39	variables	variable	NOUN
ajeer-262	321	40	to	to	ADP
ajeer-262	321	41	a	a	DET
ajeer-262	321	42	one	one	NUM
ajeer-262	321	43	-	-	PUNCT
ajeer-262	321	44	off	off	ADP
ajeer-262	321	45	quarterly	quarterly	ADJ
ajeer-262	321	46	monetary	monetary	ADJ
ajeer-262	321	47	policy	policy	NOUN
ajeer-262	321	48	shock	shock	NOUN
ajeer-262	321	49	equal	equal	ADJ
ajeer-262	321	50	to	to	ADP
ajeer-262	321	51	0.05	0.05	NUM
ajeer-262	321	52	standard	standard	ADJ
ajeer-262	321	53	deviation	deviation	NOUN
ajeer-262	321	54	applied	apply	VERB
ajeer-262	321	55	under	under	ADP
ajeer-262	321	56	money	money	NOUN
ajeer-262	321	57	growth	growth	NOUN
ajeer-262	321	58	rule	rule	NOUN
ajeer-262	321	59	.	.	PUNCT
ajeer-262	322	1	it	it	PRON
ajeer-262	322	2	is	be	AUX
ajeer-262	322	3	clear	clear	ADJ
ajeer-262	322	4	that	that	SCONJ
ajeer-262	322	5	the	the	DET
ajeer-262	322	6	results	result	NOUN
ajeer-262	322	7	are	be	AUX
ajeer-262	322	8	significantly	significantly	ADV
ajeer-262	322	9	different	different	ADJ
ajeer-262	322	10	for	for	ADP
ajeer-262	322	11	the	the	DET
ajeer-262	322	12	two	two	NUM
ajeer-262	322	13	models	model	NOUN
ajeer-262	322	14	.	.	PUNCT
ajeer-262	323	1	in	in	ADP
ajeer-262	323	2	the	the	DET
ajeer-262	323	3	model	model	NOUN
ajeer-262	323	4	with	with	ADP
ajeer-262	323	5	financial	financial	ADJ
ajeer-262	323	6	distortions	distortion	NOUN
ajeer-262	323	7	,	,	PUNCT
ajeer-262	323	8	unexpected	unexpected	ADJ
ajeer-262	323	9	increase	increase	NOUN
ajeer-262	323	10	in	in	ADP
ajeer-262	323	11	the	the	DET
ajeer-262	323	12	policy	policy	NOUN
ajeer-262	323	13	rate	rate	NOUN
ajeer-262	323	14	lifts	lift	VERB
ajeer-262	323	15	the	the	DET
ajeer-262	323	16	cost	cost	NOUN
ajeer-262	323	17	of	of	ADP
ajeer-262	323	18	raising	raise	VERB
ajeer-262	323	19	fresh	fresh	ADJ
ajeer-262	323	20	capital	capital	NOUN
ajeer-262	323	21	for	for	ADP
ajeer-262	323	22	financial	financial	ADJ
ajeer-262	323	23	intermediaries	intermediary	NOUN
ajeer-262	323	24	which	which	PRON
ajeer-262	323	25	they	they	PRON
ajeer-262	323	26	translate	translate	VERB
ajeer-262	323	27	into	into	ADP
ajeer-262	323	28	higher	high	ADJ
ajeer-262	323	29	external	external	ADJ
ajeer-262	323	30	premium	premium	NOUN
ajeer-262	323	31	for	for	ADP
ajeer-262	323	32	loan	loan	NOUN
ajeer-262	323	33	applicants	applicant	NOUN
ajeer-262	323	34	.	.	PUNCT
ajeer-262	324	1	by	by	ADP
ajeer-262	324	2	contrast	contrast	NOUN
ajeer-262	324	3	,	,	PUNCT
ajeer-262	324	4	when	when	SCONJ
ajeer-262	324	5	the	the	DET
ajeer-262	324	6	role	role	NOUN
ajeer-262	324	7	of	of	ADP
ajeer-262	324	8	frictions	friction	NOUN
ajeer-262	324	9	is	be	AUX
ajeer-262	324	10	switched	switch	VERB
ajeer-262	324	11	off	off	ADP
ajeer-262	324	12	,	,	PUNCT
ajeer-262	324	13	there	there	PRON
ajeer-262	324	14	is	be	VERB
ajeer-262	324	15	no	no	DET
ajeer-262	324	16	difference	difference	NOUN
ajeer-262	324	17	among	among	ADP
ajeer-262	324	18	the	the	DET
ajeer-262	324	19	policy	policy	NOUN
ajeer-262	324	20	rate	rate	NOUN
ajeer-262	324	21	,	,	PUNCT
ajeer-262	324	22	the	the	DET
ajeer-262	324	23	required	require	VERB
ajeer-262	324	24	rate	rate	NOUN
ajeer-262	324	25	of	of	ADP
ajeer-262	324	26	return	return	NOUN
ajeer-262	324	27	on	on	ADP
ajeer-262	324	28	bank	bank	NOUN
ajeer-262	324	29	loans	loan	NOUN
ajeer-262	324	30	,	,	PUNCT
ajeer-262	324	31	and	and	CCONJ
ajeer-262	324	32	the	the	DET
ajeer-262	324	33	rate	rate	NOUN
ajeer-262	324	34	of	of	ADP
ajeer-262	324	35	return	return	NOUN
ajeer-262	324	36	on	on	ADP
ajeer-262	324	37	equity	equity	NOUN
ajeer-262	324	38	investment	investment	NOUN
ajeer-262	324	39	.	.	PUNCT
ajeer-262	325	1	this	this	PRON
ajeer-262	325	2	is	be	AUX
ajeer-262	325	3	summarized	summarize	VERB
ajeer-262	325	4	by	by	ADP
ajeer-262	325	5	the	the	DET
ajeer-262	325	6	flat	flat	ADJ
ajeer-262	325	7	impulse	impulse	ADJ
ajeer-262	325	8	response	response	NOUN
ajeer-262	325	9	of	of	ADP
ajeer-262	325	10	the	the	DET
ajeer-262	325	11	external	external	ADJ
ajeer-262	325	12	finance	finance	NOUN
ajeer-262	325	13	premium	premium	NOUN
ajeer-262	325	14	.	.	PUNCT
ajeer-262	326	1	consistent	consistent	ADJ
ajeer-262	326	2	with	with	ADP
ajeer-262	326	3	conventional	conventional	ADJ
ajeer-262	326	4	empirical	empirical	ADJ
ajeer-262	326	5	evidence	evidence	NOUN
ajeer-262	326	6	,	,	PUNCT
ajeer-262	326	7	monetary	monetary	ADJ
ajeer-262	326	8	tightening	tightening	NOUN
ajeer-262	326	9	is	be	AUX
ajeer-262	326	10	accompanied	accompany	VERB
ajeer-262	326	11	by	by	ADP
ajeer-262	326	12	a	a	DET
ajeer-262	326	13	decline	decline	NOUN
ajeer-262	326	14	in	in	ADP
ajeer-262	326	15	inflation	inflation	NOUN
ajeer-262	326	16	,	,	PUNCT
ajeer-262	326	17	output	output	NOUN
ajeer-262	326	18	,	,	PUNCT
ajeer-262	326	19	consumption	consumption	NOUN
ajeer-262	326	20	,	,	PUNCT
ajeer-262	326	21	investment	investment	NOUN
ajeer-262	326	22	,	,	PUNCT
ajeer-262	326	23	and	and	CCONJ
ajeer-262	326	24	asset	asset	NOUN
ajeer-262	326	25	prices	price	NOUN
ajeer-262	326	26	.	.	PUNCT
ajeer-262	327	1	but	but	CCONJ
ajeer-262	327	2	the	the	DET
ajeer-262	327	3	degree	degree	NOUN
ajeer-262	327	4	of	of	ADP
ajeer-262	327	5	contraction	contraction	NOUN
ajeer-262	327	6	is	be	AUX
ajeer-262	327	7	deeper	deep	ADJ
ajeer-262	327	8	and	and	CCONJ
ajeer-262	327	9	more	more	ADV
ajeer-262	327	10	persistent	persistent	ADJ
ajeer-262	327	11	in	in	ADP
ajeer-262	327	12	the	the	DET
ajeer-262	327	13	model	model	NOUN
ajeer-262	327	14	where	where	SCONJ
ajeer-262	327	15	supply	supply	NOUN
ajeer-262	327	16	and	and	CCONJ
ajeer-262	327	17	demand	demand	VERB
ajeer-262	327	18	side	side	ADJ
ajeer-262	327	19	financial	financial	ADJ
ajeer-262	327	20	market	market	NOUN
ajeer-262	327	21	imperfections	imperfection	NOUN
ajeer-262	327	22	have	have	AUX
ajeer-262	327	23	been	be	AUX
ajeer-262	327	24	considered	consider	VERB
ajeer-262	327	25	.	.	PUNCT
ajeer-262	328	1	these	these	DET
ajeer-262	328	2	results	result	NOUN
ajeer-262	328	3	are	be	AUX
ajeer-262	328	4	broadly	broadly	ADV
ajeer-262	328	5	in	in	ADP
ajeer-262	328	6	line	line	NOUN
ajeer-262	328	7	with	with	ADP
ajeer-262	328	8	previous	previous	ADJ
ajeer-262	328	9	findings	finding	NOUN
ajeer-262	328	10	that	that	PRON
ajeer-262	328	11	include	include	VERB
ajeer-262	328	12	markovic	markovic	PROPN
ajeer-262	328	13	(	(	PUNCT
ajeer-262	328	14	2006	2006	NUM
ajeer-262	328	15	)	)	PUNCT
ajeer-262	328	16	;	;	PUNCT
ajeer-262	328	17	aguiar	aguiar	NOUN
ajeer-262	328	18	and	and	CCONJ
ajeer-262	328	19	drumond	drumond	NOUN
ajeer-262	328	20	(	(	PUNCT
ajeer-262	328	21	2007	2007	NUM
ajeer-262	328	22	)	)	PUNCT
ajeer-262	328	23	and	and	CCONJ
ajeer-262	328	24	zhang	zhang	PROPN
ajeer-262	328	25	(	(	PUNCT
ajeer-262	328	26	2009	2009	NUM
ajeer-262	328	27	)	)	PUNCT
ajeer-262	328	28	that	that	PRON
ajeer-262	328	29	found	find	VERB
ajeer-262	328	30	unanticipated	unanticipated	ADJ
ajeer-262	328	31	monetary	monetary	ADJ
ajeer-262	328	32	shocks	shock	NOUN
ajeer-262	328	33	are	be	AUX
ajeer-262	328	34	amplified	amplify	VERB
ajeer-262	328	35	and	and	CCONJ
ajeer-262	328	36	propagated	propagate	VERB
ajeer-262	328	37	much	much	ADV
ajeer-262	328	38	more	more	ADV
ajeer-262	328	39	strongly	strongly	ADV
ajeer-262	328	40	with	with	ADP
ajeer-262	328	41	double	double	ADJ
ajeer-262	328	42	agency	agency	NOUN
ajeer-262	328	43	cost	cost	NOUN
ajeer-262	328	44	problems	problem	NOUN
ajeer-262	328	45	in	in	ADP
ajeer-262	328	46	the	the	DET
ajeer-262	328	47	financial	financial	ADJ
ajeer-262	328	48	markets	market	NOUN
ajeer-262	328	49	.	.	PUNCT
ajeer-262	329	1	figure-2	figure-2	X
ajeer-262	329	2	.	.	PUNCT
ajeer-262	330	1	impulse	impulse	ADJ
ajeer-262	330	2	responses	response	NOUN
ajeer-262	330	3	of	of	ADP
ajeer-262	330	4	output	output	NOUN
ajeer-262	330	5	and	and	CCONJ
ajeer-262	330	6	inflation	inflation	NOUN
ajeer-262	330	7	under	under	ADP
ajeer-262	330	8	interest	interest	NOUN
ajeer-262	330	9	rate	rate	NOUN
ajeer-262	330	10	(	(	PUNCT
ajeer-262	330	11	dotted	dotted	ADJ
ajeer-262	330	12	)	)	PUNCT
ajeer-262	330	13	and	and	CCONJ
ajeer-262	330	14	money	money	NOUN
ajeer-262	330	15	growth	growth	NOUN
ajeer-262	330	16	(	(	PUNCT
ajeer-262	330	17	solid	solid	ADJ
ajeer-262	330	18	)	)	PUNCT
ajeer-262	330	19	rules	rule	NOUN
ajeer-262	330	20	(	(	PUNCT
ajeer-262	330	21	source	source	NOUN
ajeer-262	330	22	:	:	PUNCT
ajeer-262	330	23	author‘s	author‘s	X
ajeer-262	330	24	own	own	ADJ
ajeer-262	330	25	simulation	simulation	NOUN
ajeer-262	330	26	results	result	NOUN
ajeer-262	330	27	)	)	PUNCT
ajeer-262	330	28	source	source	NOUN
ajeer-262	330	29	:	:	PUNCT
ajeer-262	330	30	(	(	PUNCT
ajeer-262	330	31	author‘s	author‘s	ADP
ajeer-262	330	32	own	own	ADJ
ajeer-262	330	33	simulation	simulation	NOUN
ajeer-262	330	34	results	result	NOUN
ajeer-262	330	35	)	)	PUNCT
ajeer-262	330	36	asian	asian	ADJ
ajeer-262	330	37	journal	journal	NOUN
ajeer-262	330	38	of	of	ADP
ajeer-262	330	39	economics	economic	NOUN
ajeer-262	330	40	and	and	CCONJ
ajeer-262	330	41	empirical	empirical	ADJ
ajeer-262	330	42	research	research	NOUN
ajeer-262	330	43	,	,	PUNCT
ajeer-262	330	44	2019	2019	NUM
ajeer-262	330	45	,	,	PUNCT
ajeer-262	330	46	6(1	6(1	NUM
ajeer-262	330	47	):	):	PUNCT
ajeer-262	330	48	16	16	NUM
ajeer-262	330	49	-	-	SYM
ajeer-262	330	50	26	26	NUM
ajeer-262	330	51	25	25	NUM
ajeer-262	330	52	©	©	PROPN
ajeer-262	330	53	2019	2019	NUM
ajeer-262	330	54	by	by	ADP
ajeer-262	330	55	the	the	DET
ajeer-262	330	56	authors	author	NOUN
ajeer-262	330	57	;	;	PUNCT
ajeer-262	330	58	licensee	licensee	PROPN
ajeer-262	330	59	asian	asian	ADJ
ajeer-262	330	60	online	online	PROPN
ajeer-262	330	61	journal	journal	PROPN
ajeer-262	330	62	publishing	publishing	NOUN
ajeer-262	330	63	group	group	NOUN
ajeer-262	330	64	the	the	DET
ajeer-262	330	65	next	next	ADJ
ajeer-262	330	66	task	task	NOUN
ajeer-262	330	67	is	be	AUX
ajeer-262	330	68	to	to	PART
ajeer-262	330	69	see	see	VERB
ajeer-262	330	70	if	if	SCONJ
ajeer-262	330	71	previous	previous	ADJ
ajeer-262	330	72	findings	finding	NOUN
ajeer-262	330	73	under	under	ADP
ajeer-262	330	74	taylor	taylor	PROPN
ajeer-262	330	75	based	base	VERB
ajeer-262	330	76	rules	rule	NOUN
ajeer-262	330	77	could	could	AUX
ajeer-262	330	78	be	be	AUX
ajeer-262	330	79	quantitatively	quantitatively	ADV
ajeer-262	330	80	any	any	ADV
ajeer-262	330	81	different	different	ADJ
ajeer-262	330	82	from	from	ADP
ajeer-262	330	83	those	those	PRON
ajeer-262	330	84	under	under	ADP
ajeer-262	330	85	money	money	NOUN
ajeer-262	330	86	growth	growth	NOUN
ajeer-262	330	87	rule	rule	NOUN
ajeer-262	330	88	.	.	PUNCT
ajeer-262	331	1	figure	figure	NOUN
ajeer-262	331	2	2	2	NUM
ajeer-262	331	3	presents	present	VERB
ajeer-262	331	4	the	the	DET
ajeer-262	331	5	responses	response	NOUN
ajeer-262	331	6	of	of	ADP
ajeer-262	331	7	output	output	NOUN
ajeer-262	331	8	and	and	CCONJ
ajeer-262	331	9	inflation	inflation	NOUN
ajeer-262	331	10	to	to	ADP
ajeer-262	331	11	shocks	shock	NOUN
ajeer-262	331	12	under	under	ADP
ajeer-262	331	13	alternative	alternative	ADJ
ajeer-262	331	14	monetary	monetary	ADJ
ajeer-262	331	15	policy	policy	NOUN
ajeer-262	331	16	regimes	regime	NOUN
ajeer-262	331	17	.	.	PUNCT
ajeer-262	332	1	the	the	DET
ajeer-262	332	2	qualitative	qualitative	ADJ
ajeer-262	332	3	aspects	aspect	NOUN
ajeer-262	332	4	of	of	ADP
ajeer-262	332	5	the	the	DET
ajeer-262	332	6	results	result	NOUN
ajeer-262	332	7	are	be	AUX
ajeer-262	332	8	more	more	ADV
ajeer-262	332	9	or	or	CCONJ
ajeer-262	332	10	less	less	ADV
ajeer-262	332	11	preserved	preserve	VERB
ajeer-262	332	12	.	.	PUNCT
ajeer-262	333	1	for	for	ADP
ajeer-262	333	2	instance	instance	NOUN
ajeer-262	333	3	,	,	PUNCT
ajeer-262	333	4	monetary	monetary	ADJ
ajeer-262	333	5	policy	policy	NOUN
ajeer-262	333	6	tightening	tightening	NOUN
ajeer-262	333	7	(	(	PUNCT
ajeer-262	333	8	a	a	DET
ajeer-262	333	9	rise	rise	NOUN
ajeer-262	333	10	in	in	ADP
ajeer-262	333	11	the	the	DET
ajeer-262	333	12	policy	policy	NOUN
ajeer-262	333	13	rate	rate	NOUN
ajeer-262	333	14	or	or	CCONJ
ajeer-262	333	15	a	a	DET
ajeer-262	333	16	fall	fall	NOUN
ajeer-262	333	17	in	in	ADP
ajeer-262	333	18	money	money	NOUN
ajeer-262	333	19	supply	supply	NOUN
ajeer-262	333	20	)	)	PUNCT
ajeer-262	333	21	leads	lead	VERB
ajeer-262	333	22	to	to	ADP
ajeer-262	333	23	noticeable	noticeable	ADJ
ajeer-262	333	24	reduction	reduction	NOUN
ajeer-262	333	25	in	in	ADP
ajeer-262	333	26	output	output	NOUN
ajeer-262	333	27	and	and	CCONJ
ajeer-262	333	28	inflation	inflation	NOUN
ajeer-262	333	29	while	while	SCONJ
ajeer-262	333	30	improvement	improvement	NOUN
ajeer-262	333	31	in	in	ADP
ajeer-262	333	32	factor	factor	NOUN
ajeer-262	333	33	productivity	productivity	NOUN
ajeer-262	333	34	boosts	boost	VERB
ajeer-262	333	35	production	production	NOUN
ajeer-262	333	36	and	and	CCONJ
ajeer-262	333	37	eases	ease	VERB
ajeer-262	333	38	upward	upward	ADJ
ajeer-262	333	39	pressure	pressure	NOUN
ajeer-262	333	40	on	on	ADP
ajeer-262	333	41	price	price	NOUN
ajeer-262	333	42	changes	change	NOUN
ajeer-262	333	43	.	.	PUNCT
ajeer-262	334	1	increased	increase	VERB
ajeer-262	334	2	fiscal	fiscal	ADJ
ajeer-262	334	3	intervention	intervention	NOUN
ajeer-262	334	4	also	also	ADV
ajeer-262	334	5	expands	expand	VERB
ajeer-262	334	6	output	output	NOUN
ajeer-262	334	7	under	under	ADP
ajeer-262	334	8	both	both	DET
ajeer-262	334	9	monetary	monetary	ADJ
ajeer-262	334	10	policy	policy	NOUN
ajeer-262	334	11	rules	rule	NOUN
ajeer-262	334	12	.	.	PUNCT
ajeer-262	335	1	however	however	ADV
ajeer-262	335	2	,	,	PUNCT
ajeer-262	335	3	the	the	DET
ajeer-262	335	4	effects	effect	NOUN
ajeer-262	335	5	of	of	ADP
ajeer-262	335	6	a	a	DET
ajeer-262	335	7	rise	rise	NOUN
ajeer-262	335	8	in	in	ADP
ajeer-262	335	9	public	public	ADJ
ajeer-262	335	10	expenditure	expenditure	NOUN
ajeer-262	335	11	on	on	ADP
ajeer-262	335	12	inflation	inflation	NOUN
ajeer-262	335	13	clearly	clearly	ADV
ajeer-262	335	14	depend	depend	VERB
ajeer-262	335	15	on	on	ADP
ajeer-262	335	16	the	the	DET
ajeer-262	335	17	operational	operational	ADJ
ajeer-262	335	18	instrument	instrument	NOUN
ajeer-262	335	19	deployed	deploy	VERB
ajeer-262	335	20	by	by	ADP
ajeer-262	335	21	the	the	DET
ajeer-262	335	22	central	central	ADJ
ajeer-262	335	23	bank	bank	NOUN
ajeer-262	335	24	.	.	PUNCT
ajeer-262	336	1	when	when	SCONJ
ajeer-262	336	2	the	the	DET
ajeer-262	336	3	monetary	monetary	ADJ
ajeer-262	336	4	authority	authority	NOUN
ajeer-262	336	5	sticks	stick	VERB
ajeer-262	336	6	to	to	ADP
ajeer-262	336	7	an	an	DET
ajeer-262	336	8	interest	interest	NOUN
ajeer-262	336	9	rate	rate	NOUN
ajeer-262	336	10	rule	rule	NOUN
ajeer-262	336	11	,	,	PUNCT
ajeer-262	336	12	increased	increase	VERB
ajeer-262	336	13	government	government	NOUN
ajeer-262	336	14	borrowing	borrowing	NOUN
ajeer-262	336	15	feeds	feed	VERB
ajeer-262	336	16	into	into	ADP
ajeer-262	336	17	higher	high	ADJ
ajeer-262	336	18	inflation	inflation	NOUN
ajeer-262	336	19	.	.	PUNCT
ajeer-262	337	1	but	but	CCONJ
ajeer-262	337	2	under	under	ADP
ajeer-262	337	3	money	money	NOUN
ajeer-262	337	4	growth	growth	NOUN
ajeer-262	337	5	rule	rule	NOUN
ajeer-262	337	6	expanded	expand	VERB
ajeer-262	337	7	fiscal	fiscal	ADJ
ajeer-262	337	8	activism	activism	NOUN
ajeer-262	337	9	results	result	NOUN
ajeer-262	337	10	in	in	ADP
ajeer-262	337	11	a	a	DET
ajeer-262	337	12	decline	decline	NOUN
ajeer-262	337	13	in	in	ADP
ajeer-262	337	14	inflation	inflation	NOUN
ajeer-262	337	15	in	in	ADP
ajeer-262	337	16	the	the	DET
ajeer-262	337	17	first	first	ADJ
ajeer-262	337	18	few	few	ADJ
ajeer-262	337	19	quarters	quarter	NOUN
ajeer-262	337	20	.	.	PUNCT
ajeer-262	338	1	to	to	ADP
ajeer-262	338	2	the	the	DET
ajeer-262	338	3	extent	extent	NOUN
ajeer-262	338	4	that	that	SCONJ
ajeer-262	338	5	the	the	DET
ajeer-262	338	6	output	output	NOUN
ajeer-262	338	7	effect	effect	NOUN
ajeer-262	338	8	of	of	ADP
ajeer-262	338	9	a	a	DET
ajeer-262	338	10	fiscal	fiscal	ADJ
ajeer-262	338	11	stimulus	stimulus	NOUN
ajeer-262	338	12	is	be	AUX
ajeer-262	338	13	more	more	ADV
ajeer-262	338	14	persistent	persistent	ADJ
ajeer-262	338	15	,	,	PUNCT
ajeer-262	338	16	the	the	DET
ajeer-262	338	17	money	money	NOUN
ajeer-262	338	18	growth	growth	NOUN
ajeer-262	338	19	rule	rule	NOUN
ajeer-262	338	20	contributes	contribute	VERB
ajeer-262	338	21	to	to	ADP
ajeer-262	338	22	a	a	DET
ajeer-262	338	23	fall	fall	NOUN
ajeer-262	338	24	in	in	ADP
ajeer-262	338	25	price	price	NOUN
ajeer-262	338	26	changes	change	NOUN
ajeer-262	338	27	in	in	ADP
ajeer-262	338	28	the	the	DET
ajeer-262	338	29	immediate	immediate	ADJ
ajeer-262	338	30	short	short	ADJ
ajeer-262	338	31	run	run	NOUN
ajeer-262	338	32	perhaps	perhaps	ADV
ajeer-262	338	33	reflecting	reflect	VERB
ajeer-262	338	34	delayed	delay	VERB
ajeer-262	338	35	effects	effect	NOUN
ajeer-262	338	36	of	of	ADP
ajeer-262	338	37	fiscal	fiscal	ADJ
ajeer-262	338	38	policy	policy	NOUN
ajeer-262	338	39	due	due	ADP
ajeer-262	338	40	to	to	ADP
ajeer-262	338	41	,	,	PUNCT
ajeer-262	338	42	say	say	INTJ
ajeer-262	338	43	,	,	PUNCT
ajeer-262	338	44	the	the	DET
ajeer-262	338	45	low	low	ADJ
ajeer-262	338	46	velocity	velocity	NOUN
ajeer-262	338	47	of	of	ADP
ajeer-262	338	48	money	money	NOUN
ajeer-262	338	49	in	in	ADP
ajeer-262	338	50	developing	develop	VERB
ajeer-262	338	51	economies	economy	NOUN
ajeer-262	338	52	such	such	ADJ
ajeer-262	338	53	as	as	ADP
ajeer-262	338	54	ethiopia	ethiopia	PROPN
ajeer-262	338	55	.	.	PUNCT
ajeer-262	339	1	over	over	ADP
ajeer-262	339	2	all	all	PRON
ajeer-262	339	3	,	,	PUNCT
ajeer-262	339	4	the	the	DET
ajeer-262	339	5	model	model	NOUN
ajeer-262	339	6	with	with	ADP
ajeer-262	339	7	money	money	NOUN
ajeer-262	339	8	growth	growth	NOUN
ajeer-262	339	9	rule	rule	NOUN
ajeer-262	339	10	generates	generate	VERB
ajeer-262	339	11	qualitatively	qualitatively	ADV
ajeer-262	339	12	similar	similar	ADJ
ajeer-262	339	13	results	result	NOUN
ajeer-262	339	14	as	as	ADP
ajeer-262	339	15	those	those	PRON
ajeer-262	339	16	which	which	PRON
ajeer-262	339	17	employ	employ	VERB
ajeer-262	339	18	interest	interest	NOUN
ajeer-262	339	19	rate	rate	NOUN
ajeer-262	339	20	rules	rule	NOUN
ajeer-262	339	21	(	(	PUNCT
ajeer-262	339	22	markovic	markovic	PROPN
ajeer-262	339	23	,	,	PUNCT
ajeer-262	339	24	2006	2006	NUM
ajeer-262	339	25	;	;	PUNCT
ajeer-262	339	26	aguiar	aguiar	NOUN
ajeer-262	339	27	and	and	CCONJ
ajeer-262	339	28	drumond	drumond	NOUN
ajeer-262	339	29	,	,	PUNCT
ajeer-262	339	30	2007	2007	NUM
ajeer-262	339	31	;	;	PUNCT
ajeer-262	339	32	zhang	zhang	PROPN
ajeer-262	339	33	,	,	PUNCT
ajeer-262	339	34	2009	2009	NUM
ajeer-262	339	35	)	)	PUNCT
ajeer-262	339	36	.	.	PUNCT
ajeer-262	340	1	4.3	4.3	NUM
ajeer-262	340	2	.	.	PUNCT
ajeer-262	340	3	sensitivity	sensitivity	NOUN
ajeer-262	340	4	check	check	VERB
ajeer-262	340	5	a	a	DET
ajeer-262	340	6	common	common	ADJ
ajeer-262	340	7	challenge	challenge	NOUN
ajeer-262	340	8	when	when	SCONJ
ajeer-262	340	9	using	use	VERB
ajeer-262	340	10	dsge	dsge	NOUN
ajeer-262	340	11	models	model	NOUN
ajeer-262	340	12	is	be	AUX
ajeer-262	340	13	the	the	DET
ajeer-262	340	14	so	so	ADV
ajeer-262	340	15	called	call	VERB
ajeer-262	340	16	―parameter	―parameter	PROPN
ajeer-262	340	17	bifurcation	bifurcation	NOUN
ajeer-262	340	18	problem‖—the	problem‖—the	DET
ajeer-262	340	19	observation	observation	NOUN
ajeer-262	340	20	that	that	SCONJ
ajeer-262	340	21	changing	change	VERB
ajeer-262	340	22	parameter	parameter	NOUN
ajeer-262	340	23	values	value	NOUN
ajeer-262	340	24	a	a	DET
ajeer-262	340	25	little	little	ADJ
ajeer-262	340	26	leads	lead	NOUN
ajeer-262	340	27	to	to	ADP
ajeer-262	340	28	considerable	considerable	ADJ
ajeer-262	340	29	change	change	NOUN
ajeer-262	340	30	in	in	ADP
ajeer-262	340	31	the	the	DET
ajeer-262	340	32	impulse	impulse	ADJ
ajeer-262	340	33	response	response	NOUN
ajeer-262	340	34	of	of	ADP
ajeer-262	340	35	endogenous	endogenous	ADJ
ajeer-262	340	36	variables	variable	NOUN
ajeer-262	340	37	.	.	PUNCT
ajeer-262	341	1	it	it	PRON
ajeer-262	341	2	is	be	AUX
ajeer-262	341	3	impractical	impractical	ADJ
ajeer-262	341	4	to	to	PART
ajeer-262	341	5	verify	verify	VERB
ajeer-262	341	6	the	the	DET
ajeer-262	341	7	sensitivity	sensitivity	NOUN
ajeer-262	341	8	of	of	ADP
ajeer-262	341	9	these	these	DET
ajeer-262	341	10	responses	response	NOUN
ajeer-262	341	11	to	to	ADP
ajeer-262	341	12	changes	change	NOUN
ajeer-262	341	13	in	in	ADP
ajeer-262	341	14	the	the	DET
ajeer-262	341	15	value	value	NOUN
ajeer-262	341	16	of	of	ADP
ajeer-262	341	17	every	every	DET
ajeer-262	341	18	parameter	parameter	NOUN
ajeer-262	341	19	.	.	PUNCT
ajeer-262	342	1	however	however	ADV
ajeer-262	342	2	,	,	PUNCT
ajeer-262	342	3	given	give	VERB
ajeer-262	342	4	the	the	DET
ajeer-262	342	5	objective	objective	NOUN
ajeer-262	342	6	this	this	DET
ajeer-262	342	7	paper	paper	NOUN
ajeer-262	342	8	,	,	PUNCT
ajeer-262	342	9	i	i	PRON
ajeer-262	342	10	tried	try	VERB
ajeer-262	342	11	to	to	PART
ajeer-262	342	12	evaluate	evaluate	VERB
ajeer-262	342	13	how	how	SCONJ
ajeer-262	342	14	sensitive	sensitive	ADJ
ajeer-262	342	15	the	the	DET
ajeer-262	342	16	results	result	NOUN
ajeer-262	342	17	are	be	AUX
ajeer-262	342	18	to	to	ADP
ajeer-262	342	19	variations	variation	NOUN
ajeer-262	342	20	in	in	ADP
ajeer-262	342	21	the	the	DET
ajeer-262	342	22	values	value	NOUN
ajeer-262	342	23	of	of	ADP
ajeer-262	342	24	policy	policy	NOUN
ajeer-262	342	25	parameters	parameter	NOUN
ajeer-262	342	26	in	in	ADP
ajeer-262	342	27	the	the	DET
ajeer-262	342	28	central	central	ADJ
ajeer-262	342	29	bank	bank	PROPN
ajeer-262	342	30	money	money	NOUN
ajeer-262	342	31	growth	growth	NOUN
ajeer-262	342	32	reaction	reaction	NOUN
ajeer-262	342	33	function	function	NOUN
ajeer-262	342	34	rule	rule	NOUN
ajeer-262	342	35	.	.	PUNCT
ajeer-262	343	1	the	the	DET
ajeer-262	343	2	impulse	impulse	ADJ
ajeer-262	343	3	response	response	NOUN
ajeer-262	343	4	functions	function	NOUN
ajeer-262	343	5	were	be	AUX
ajeer-262	343	6	generally	generally	ADV
ajeer-262	343	7	stable	stable	ADJ
ajeer-262	343	8	both	both	CCONJ
ajeer-262	343	9	qualitatively	qualitatively	ADV
ajeer-262	343	10	and	and	CCONJ
ajeer-262	343	11	quantitatively	quantitatively	ADV
ajeer-262	343	12	to	to	ADP
ajeer-262	343	13	such	such	ADJ
ajeer-262	343	14	small	small	ADJ
ajeer-262	343	15	changes	change	NOUN
ajeer-262	343	16	in	in	ADP
ajeer-262	343	17	the	the	DET
ajeer-262	343	18	values	value	NOUN
ajeer-262	343	19	of	of	ADP
ajeer-262	343	20	the	the	DET
ajeer-262	343	21	parameters	parameter	NOUN
ajeer-262	343	22	in	in	ADP
ajeer-262	343	23	the	the	DET
ajeer-262	343	24	monetary	monetary	ADJ
ajeer-262	343	25	policy	policy	NOUN
ajeer-262	343	26	rule	rule	NOUN
ajeer-262	343	27	.	.	PUNCT
ajeer-262	344	1	5	5	X
ajeer-262	344	2	.	.	X
ajeer-262	344	3	conclusion	conclusion	NOUN
ajeer-262	344	4	and	and	CCONJ
ajeer-262	344	5	policy	policy	NOUN
ajeer-262	344	6	implications	implication	NOUN
ajeer-262	344	7	in	in	ADP
ajeer-262	344	8	the	the	DET
ajeer-262	344	9	last	last	ADJ
ajeer-262	344	10	few	few	ADJ
ajeer-262	344	11	years	year	NOUN
ajeer-262	344	12	,	,	PUNCT
ajeer-262	344	13	macroeconomic	macroeconomic	ADJ
ajeer-262	344	14	modeling	modeling	NOUN
ajeer-262	344	15	has	have	AUX
ajeer-262	344	16	emphasized	emphasize	VERB
ajeer-262	344	17	the	the	DET
ajeer-262	344	18	role	role	NOUN
ajeer-262	344	19	of	of	ADP
ajeer-262	344	20	credit	credit	NOUN
ajeer-262	344	21	market	market	NOUN
ajeer-262	344	22	frictions	friction	NOUN
ajeer-262	344	23	in	in	ADP
ajeer-262	344	24	magnifying	magnify	VERB
ajeer-262	344	25	and	and	CCONJ
ajeer-262	344	26	transmitting	transmit	VERB
ajeer-262	344	27	nominal	nominal	ADJ
ajeer-262	344	28	and	and	CCONJ
ajeer-262	344	29	real	real	ADJ
ajeer-262	344	30	disturbances	disturbance	NOUN
ajeer-262	344	31	and	and	CCONJ
ajeer-262	344	32	their	their	PRON
ajeer-262	344	33	implication	implication	NOUN
ajeer-262	344	34	for	for	ADP
ajeer-262	344	35	macro	macro	ADJ
ajeer-262	344	36	-	-	ADJ
ajeer-262	344	37	prudential	prudential	ADJ
ajeer-262	344	38	policy	policy	NOUN
ajeer-262	344	39	design	design	NOUN
ajeer-262	344	40	.	.	PUNCT
ajeer-262	345	1	in	in	ADP
ajeer-262	345	2	this	this	DET
ajeer-262	345	3	chapter	chapter	NOUN
ajeer-262	345	4	,	,	PUNCT
ajeer-262	345	5	we	we	PRON
ajeer-262	345	6	construct	construct	VERB
ajeer-262	345	7	a	a	DET
ajeer-262	345	8	medium	medium	ADJ
ajeer-262	345	9	-	-	PUNCT
ajeer-262	345	10	size	size	NOUN
ajeer-262	345	11	small	small	ADJ
ajeer-262	345	12	new	new	ADJ
ajeer-262	345	13	keynesian	keynesian	ADJ
ajeer-262	345	14	general	general	ADJ
ajeer-262	345	15	equilibrium	equilibrium	NOUN
ajeer-262	345	16	model	model	NOUN
ajeer-262	345	17	with	with	ADP
ajeer-262	345	18	active	active	ADJ
ajeer-262	345	19	banking	banking	NOUN
ajeer-262	345	20	sector	sector	NOUN
ajeer-262	345	21	.	.	PUNCT
ajeer-262	346	1	in	in	ADP
ajeer-262	346	2	this	this	DET
ajeer-262	346	3	set	set	NOUN
ajeer-262	346	4	-	-	PUNCT
ajeer-262	346	5	up	up	NOUN
ajeer-262	346	6	,	,	PUNCT
ajeer-262	346	7	the	the	DET
ajeer-262	346	8	financial	financial	ADJ
ajeer-262	346	9	sector	sector	NOUN
ajeer-262	346	10	interacts	interact	VERB
ajeer-262	346	11	with	with	ADP
ajeer-262	346	12	the	the	DET
ajeer-262	346	13	real	real	ADJ
ajeer-262	346	14	side	side	NOUN
ajeer-262	346	15	of	of	ADP
ajeer-262	346	16	the	the	DET
ajeer-262	346	17	economy	economy	NOUN
ajeer-262	346	18	via	via	ADP
ajeer-262	346	19	firm	firm	ADJ
ajeer-262	346	20	balance	balance	NOUN
ajeer-262	346	21	sheet	sheet	NOUN
ajeer-262	346	22	and	and	CCONJ
ajeer-262	346	23	bank	bank	NOUN
ajeer-262	346	24	capital	capital	NOUN
ajeer-262	346	25	conditions	condition	NOUN
ajeer-262	346	26	and	and	CCONJ
ajeer-262	346	27	their	their	PRON
ajeer-262	346	28	impact	impact	NOUN
ajeer-262	346	29	on	on	ADP
ajeer-262	346	30	investment	investment	NOUN
ajeer-262	346	31	and	and	CCONJ
ajeer-262	346	32	production	production	NOUN
ajeer-262	346	33	decisions	decision	NOUN
ajeer-262	346	34	.	.	PUNCT
ajeer-262	347	1	we	we	PRON
ajeer-262	347	2	rely	rely	VERB
ajeer-262	347	3	on	on	ADP
ajeer-262	347	4	the	the	DET
ajeer-262	347	5	financial	financial	ADJ
ajeer-262	347	6	accelerator	accelerator	NOUN
ajeer-262	347	7	mechanism	mechanism	NOUN
ajeer-262	347	8	due	due	ADP
ajeer-262	347	9	to	to	ADP
ajeer-262	347	10	bernanke	bernanke	PROPN
ajeer-262	347	11	et	et	PROPN
ajeer-262	347	12	al	al	PROPN
ajeer-262	347	13	.	.	PROPN
ajeer-262	348	1	(	(	PUNCT
ajeer-262	348	2	1999	1999	NUM
ajeer-262	348	3	)	)	PUNCT
ajeer-262	349	1	and	and	CCONJ
ajeer-262	349	2	combine	combine	VERB
ajeer-262	349	3	it	it	PRON
ajeer-262	349	4	with	with	ADP
ajeer-262	349	5	a	a	DET
ajeer-262	349	6	bank	bank	NOUN
ajeer-262	349	7	capital	capital	NOUN
ajeer-262	349	8	channel	channel	NOUN
ajeer-262	349	9	as	as	SCONJ
ajeer-262	349	10	demonstrated	demonstrate	VERB
ajeer-262	349	11	by	by	ADP
ajeer-262	349	12	aguiar	aguiar	NOUN
ajeer-262	349	13	and	and	CCONJ
ajeer-262	349	14	drumond	drumond	NOUN
ajeer-262	349	15	(	(	PUNCT
ajeer-262	349	16	2007	2007	NUM
ajeer-262	349	17	)	)	PUNCT
ajeer-262	349	18	.	.	PUNCT
ajeer-262	350	1	we	we	PRON
ajeer-262	350	2	calibrate	calibrate	VERB
ajeer-262	350	3	the	the	DET
ajeer-262	350	4	resulting	result	VERB
ajeer-262	350	5	model	model	NOUN
ajeer-262	350	6	from	from	ADP
ajeer-262	350	7	the	the	DET
ajeer-262	350	8	perspective	perspective	NOUN
ajeer-262	350	9	of	of	ADP
ajeer-262	350	10	a	a	DET
ajeer-262	350	11	low	low	ADJ
ajeer-262	350	12	income	income	NOUN
ajeer-262	350	13	economy	economy	NOUN
ajeer-262	350	14	reflecting	reflect	VERB
ajeer-262	350	15	the	the	DET
ajeer-262	350	16	existence	existence	NOUN
ajeer-262	350	17	of	of	ADP
ajeer-262	350	18	relatively	relatively	ADV
ajeer-262	350	19	high	high	ADJ
ajeer-262	350	20	investment	investment	NOUN
ajeer-262	350	21	adjustment	adjustment	NOUN
ajeer-262	350	22	cost	cost	NOUN
ajeer-262	350	23	,	,	PUNCT
ajeer-262	350	24	strong	strong	ADJ
ajeer-262	350	25	fiscal	fiscal	ADJ
ajeer-262	350	26	dominance	dominance	NOUN
ajeer-262	350	27	,	,	PUNCT
ajeer-262	350	28	and	and	CCONJ
ajeer-262	350	29	underdeveloped	underdeveloped	ADJ
ajeer-262	350	30	financial	financial	ADJ
ajeer-262	350	31	and	and	CCONJ
ajeer-262	350	32	capital	capital	NOUN
ajeer-262	350	33	markets	market	NOUN
ajeer-262	350	34	where	where	SCONJ
ajeer-262	350	35	the	the	DET
ajeer-262	350	36	central	central	ADJ
ajeer-262	350	37	bank	bank	NOUN
ajeer-262	350	38	uses	use	VERB
ajeer-262	350	39	money	money	NOUN
ajeer-262	350	40	growth	growth	NOUN
ajeer-262	350	41	in	in	ADP
ajeer-262	350	42	stabilizing	stabilize	VERB
ajeer-262	350	43	the	the	DET
ajeer-262	350	44	national	national	ADJ
ajeer-262	350	45	economy	economy	NOUN
ajeer-262	350	46	.	.	PUNCT
ajeer-262	351	1	the	the	DET
ajeer-262	351	2	findings	finding	NOUN
ajeer-262	351	3	are	be	AUX
ajeer-262	351	4	broadly	broadly	ADV
ajeer-262	351	5	consistent	consistent	ADJ
ajeer-262	351	6	with	with	ADP
ajeer-262	351	7	previous	previous	ADJ
ajeer-262	351	8	studies	study	NOUN
ajeer-262	351	9	that	that	PRON
ajeer-262	351	10	demonstrated	demonstrate	VERB
ajeer-262	351	11	stronger	strong	ADJ
ajeer-262	351	12	role	role	NOUN
ajeer-262	351	13	for	for	ADP
ajeer-262	351	14	credit	credit	NOUN
ajeer-262	351	15	market	market	NOUN
ajeer-262	351	16	imperfections	imperfection	NOUN
ajeer-262	351	17	in	in	ADP
ajeer-262	351	18	amplifying	amplify	VERB
ajeer-262	351	19	and	and	CCONJ
ajeer-262	351	20	propagating	propagate	VERB
ajeer-262	351	21	monetary	monetary	ADJ
ajeer-262	351	22	policy	policy	NOUN
ajeer-262	351	23	shocks	shock	NOUN
ajeer-262	351	24	.	.	PUNCT
ajeer-262	352	1	while	while	SCONJ
ajeer-262	352	2	most	most	ADJ
ajeer-262	352	3	studies	study	NOUN
ajeer-262	352	4	assume	assume	VERB
ajeer-262	352	5	an	an	DET
ajeer-262	352	6	interest	interest	NOUN
ajeer-262	352	7	feedback	feedback	NOUN
ajeer-262	352	8	rule	rule	NOUN
ajeer-262	352	9	to	to	PART
ajeer-262	352	10	capture	capture	VERB
ajeer-262	352	11	the	the	DET
ajeer-262	352	12	behavior	behavior	NOUN
ajeer-262	352	13	of	of	ADP
ajeer-262	352	14	monetary	monetary	ADJ
ajeer-262	352	15	authorities	authority	NOUN
ajeer-262	352	16	,	,	PUNCT
ajeer-262	352	17	we	we	PRON
ajeer-262	352	18	rely	rely	VERB
ajeer-262	352	19	on	on	ADP
ajeer-262	352	20	a	a	DET
ajeer-262	352	21	money	money	NOUN
ajeer-262	352	22	growth	growth	NOUN
ajeer-262	352	23	rule	rule	NOUN
ajeer-262	352	24	to	to	PART
ajeer-262	352	25	adapt	adapt	VERB
ajeer-262	352	26	to	to	ADP
ajeer-262	352	27	the	the	DET
ajeer-262	352	28	dominant	dominant	ADJ
ajeer-262	352	29	policy	policy	NOUN
ajeer-262	352	30	practice	practice	NOUN
ajeer-262	352	31	in	in	ADP
ajeer-262	352	32	low	low	ADJ
ajeer-262	352	33	income	income	NOUN
ajeer-262	352	34	economies	economy	NOUN
ajeer-262	352	35	.	.	PUNCT
ajeer-262	353	1	it	it	PRON
ajeer-262	353	2	is	be	AUX
ajeer-262	353	3	interesting	interesting	ADJ
ajeer-262	353	4	that	that	SCONJ
ajeer-262	353	5	in	in	ADP
ajeer-262	353	6	our	our	PRON
ajeer-262	353	7	model	model	NOUN
ajeer-262	353	8	the	the	DET
ajeer-262	353	9	interaction	interaction	NOUN
ajeer-262	353	10	of	of	ADP
ajeer-262	353	11	corporate	corporate	ADJ
ajeer-262	353	12	and	and	CCONJ
ajeer-262	353	13	bank	bank	NOUN
ajeer-262	353	14	balance	balance	NOUN
ajeer-262	353	15	sheets	sheet	NOUN
ajeer-262	353	16	generates	generate	VERB
ajeer-262	353	17	similar	similar	ADJ
ajeer-262	353	18	results	result	NOUN
ajeer-262	353	19	as	as	ADP
ajeer-262	353	20	those	those	PRON
ajeer-262	353	21	which	which	PRON
ajeer-262	353	22	employ	employ	VERB
ajeer-262	353	23	interest	interest	NOUN
ajeer-262	353	24	rate	rate	NOUN
ajeer-262	353	25	rules	rule	NOUN
ajeer-262	353	26	(	(	PUNCT
ajeer-262	353	27	markovic	markovic	PROPN
ajeer-262	353	28	,	,	PUNCT
ajeer-262	353	29	2006	2006	NUM
ajeer-262	353	30	;	;	PUNCT
ajeer-262	353	31	zhang	zhang	PROPN
ajeer-262	353	32	,	,	PUNCT
ajeer-262	353	33	2009	2009	NUM
ajeer-262	353	34	;	;	PUNCT
ajeer-262	353	35	agur	agur	PROPN
ajeer-262	353	36	,	,	PUNCT
ajeer-262	353	37	2010	2010	NUM
ajeer-262	353	38	)	)	PUNCT
ajeer-262	353	39	for	for	ADP
ajeer-262	353	40	instance	instance	NOUN
ajeer-262	353	41	)	)	PUNCT
ajeer-262	353	42	.	.	PUNCT
ajeer-262	354	1	the	the	DET
ajeer-262	354	2	policy	policy	NOUN
ajeer-262	354	3	implication	implication	NOUN
ajeer-262	354	4	of	of	ADP
ajeer-262	354	5	this	this	DET
ajeer-262	354	6	result	result	NOUN
ajeer-262	354	7	is	be	AUX
ajeer-262	354	8	particularly	particularly	ADV
ajeer-262	354	9	relevant	relevant	ADJ
ajeer-262	354	10	in	in	ADP
ajeer-262	354	11	low	low	ADJ
ajeer-262	354	12	income	income	NOUN
ajeer-262	354	13	countries	country	NOUN
ajeer-262	354	14	where	where	SCONJ
ajeer-262	354	15	small	small	ADJ
ajeer-262	354	16	and	and	CCONJ
ajeer-262	354	17	fragile	fragile	ADJ
ajeer-262	354	18	firms	firm	NOUN
ajeer-262	354	19	face	face	VERB
ajeer-262	354	20	very	very	ADV
ajeer-262	354	21	high	high	ADJ
ajeer-262	354	22	external	external	ADJ
ajeer-262	354	23	finance	finance	NOUN
ajeer-262	354	24	premium	premium	NOUN
ajeer-262	354	25	.	.	PUNCT
ajeer-262	355	1	with	with	ADP
ajeer-262	355	2	little	little	ADJ
ajeer-262	355	3	or	or	CCONJ
ajeer-262	355	4	no	no	PRON
ajeer-262	355	5	net	net	ADJ
ajeer-262	355	6	worth	worth	NOUN
ajeer-262	355	7	to	to	PART
ajeer-262	355	8	post	post	VERB
ajeer-262	355	9	as	as	ADP
ajeer-262	355	10	collateral	collateral	NOUN
ajeer-262	355	11	,	,	PUNCT
ajeer-262	355	12	these	these	DET
ajeer-262	355	13	firms	firm	NOUN
ajeer-262	355	14	often	often	ADV
ajeer-262	355	15	have	have	VERB
ajeer-262	355	16	to	to	PART
ajeer-262	355	17	pay	pay	VERB
ajeer-262	355	18	above	above	ADP
ajeer-262	355	19	market	market	NOUN
ajeer-262	355	20	rates	rate	NOUN
ajeer-262	355	21	on	on	ADP
ajeer-262	355	22	small	small	ADJ
ajeer-262	355	23	loans	loan	NOUN
ajeer-262	355	24	obtained	obtain	VERB
ajeer-262	355	25	from	from	ADP
ajeer-262	355	26	banks	bank	NOUN
ajeer-262	355	27	and	and	CCONJ
ajeer-262	355	28	microfinance	microfinance	NOUN
ajeer-262	355	29	institutions	institution	NOUN
ajeer-262	355	30	.	.	PUNCT
ajeer-262	356	1	even	even	ADV
ajeer-262	356	2	though	though	SCONJ
ajeer-262	356	3	adding	add	VERB
ajeer-262	356	4	a	a	DET
ajeer-262	356	5	default	default	NOUN
ajeer-262	356	6	premium	premium	NOUN
ajeer-262	356	7	on	on	ADP
ajeer-262	356	8	poor	poor	ADJ
ajeer-262	356	9	borrowers	borrower	NOUN
ajeer-262	356	10	makes	make	VERB
ajeer-262	356	11	perfect	perfect	ADJ
ajeer-262	356	12	financial	financial	ADJ
ajeer-262	356	13	sense	sense	NOUN
ajeer-262	356	14	,	,	PUNCT
ajeer-262	356	15	it	it	PRON
ajeer-262	356	16	creates	create	VERB
ajeer-262	356	17	a	a	DET
ajeer-262	356	18	kind	kind	NOUN
ajeer-262	356	19	of	of	ADP
ajeer-262	356	20	self	self	NOUN
ajeer-262	356	21	-	-	PUNCT
ajeer-262	356	22	fulfilling	fulfil	VERB
ajeer-262	356	23	prophesy	prophesy	NOUN
ajeer-262	356	24	where	where	SCONJ
ajeer-262	356	25	the	the	DET
ajeer-262	356	26	higher	high	ADJ
ajeer-262	356	27	lending	lending	NOUN
ajeer-262	356	28	rate	rate	NOUN
ajeer-262	356	29	undermines	undermine	VERB
ajeer-262	356	30	the	the	DET
ajeer-262	356	31	ability	ability	NOUN
ajeer-262	356	32	of	of	ADP
ajeer-262	356	33	the	the	DET
ajeer-262	356	34	poor	poor	ADJ
ajeer-262	356	35	borrower	borrower	NOUN
ajeer-262	356	36	to	to	PART
ajeer-262	356	37	start	start	VERB
ajeer-262	356	38	and	and	CCONJ
ajeer-262	356	39	operate	operate	VERB
ajeer-262	356	40	profitable	profitable	ADJ
ajeer-262	356	41	projects	project	NOUN
ajeer-262	356	42	.	.	PUNCT
ajeer-262	357	1	a	a	DET
ajeer-262	357	2	clear	clear	ADJ
ajeer-262	357	3	market	market	NOUN
ajeer-262	357	4	failure	failure	NOUN
ajeer-262	357	5	is	be	AUX
ajeer-262	357	6	present	present	ADJ
ajeer-262	357	7	in	in	ADP
ajeer-262	357	8	the	the	DET
ajeer-262	357	9	loan	loan	NOUN
ajeer-262	357	10	market	market	NOUN
ajeer-262	357	11	for	for	ADP
ajeer-262	357	12	poor	poor	ADJ
ajeer-262	357	13	households	household	NOUN
ajeer-262	357	14	,	,	PUNCT
ajeer-262	357	15	which	which	PRON
ajeer-262	357	16	justifies	justify	VERB
ajeer-262	357	17	well	well	ADV
ajeer-262	357	18	-	-	PUNCT
ajeer-262	357	19	designed	design	VERB
ajeer-262	357	20	and	and	CCONJ
ajeer-262	357	21	targeted	target	VERB
ajeer-262	357	22	intervention	intervention	NOUN
ajeer-262	357	23	that	that	PRON
ajeer-262	357	24	facilitates	facilitate	VERB
ajeer-262	357	25	the	the	DET
ajeer-262	357	26	creation	creation	NOUN
ajeer-262	357	27	and	and	CCONJ
ajeer-262	357	28	provision	provision	NOUN
ajeer-262	357	29	of	of	ADP
ajeer-262	357	30	special	special	ADJ
ajeer-262	357	31	loans	loan	NOUN
ajeer-262	357	32	to	to	ADP
ajeer-262	357	33	struggling	struggle	VERB
ajeer-262	357	34	businesses	business	NOUN
ajeer-262	357	35	.	.	PUNCT
ajeer-262	358	1	the	the	DET
ajeer-262	358	2	world	world	NOUN
ajeer-262	358	3	has	have	AUX
ajeer-262	358	4	long	long	ADV
ajeer-262	358	5	recognized	recognize	VERB
ajeer-262	358	6	the	the	DET
ajeer-262	358	7	importance	importance	NOUN
ajeer-262	358	8	of	of	ADP
ajeer-262	358	9	arranging	arrange	VERB
ajeer-262	358	10	concessional	concessional	ADJ
ajeer-262	358	11	loans	loan	NOUN
ajeer-262	358	12	at	at	ADP
ajeer-262	358	13	lower	low	ADJ
ajeer-262	358	14	rates	rate	NOUN
ajeer-262	358	15	and	and	CCONJ
ajeer-262	358	16	with	with	ADP
ajeer-262	358	17	grace	grace	NOUN
ajeer-262	358	18	periods	period	NOUN
ajeer-262	358	19	for	for	ADP
ajeer-262	358	20	poor	poor	ADJ
ajeer-262	358	21	countries	country	NOUN
ajeer-262	358	22	.	.	PUNCT
ajeer-262	359	1	and	and	CCONJ
ajeer-262	359	2	poor	poor	ADJ
ajeer-262	359	3	countries	country	NOUN
ajeer-262	359	4	eligible	eligible	ADJ
ajeer-262	359	5	for	for	ADP
ajeer-262	359	6	such	such	ADJ
ajeer-262	359	7	programs	program	NOUN
ajeer-262	359	8	have	have	AUX
ajeer-262	359	9	made	make	VERB
ajeer-262	359	10	effective	effective	ADJ
ajeer-262	359	11	use	use	NOUN
ajeer-262	359	12	of	of	ADP
ajeer-262	359	13	this	this	DET
ajeer-262	359	14	arrangement	arrangement	NOUN
ajeer-262	359	15	in	in	ADP
ajeer-262	359	16	reducing	reduce	VERB
ajeer-262	359	17	poverty	poverty	NOUN
ajeer-262	359	18	and	and	CCONJ
ajeer-262	359	19	creating	create	VERB
ajeer-262	359	20	employment	employment	NOUN
ajeer-262	359	21	for	for	ADP
ajeer-262	359	22	their	their	PRON
ajeer-262	359	23	citizens	citizen	NOUN
ajeer-262	359	24	.	.	PUNCT
ajeer-262	360	1	a	a	DET
ajeer-262	360	2	similar	similar	ADJ
ajeer-262	360	3	logic	logic	NOUN
ajeer-262	360	4	should	should	AUX
ajeer-262	360	5	apply	apply	VERB
ajeer-262	360	6	at	at	ADP
ajeer-262	360	7	the	the	DET
ajeer-262	360	8	micro	micro	ADJ
ajeer-262	360	9	level	level	NOUN
ajeer-262	360	10	to	to	PART
ajeer-262	360	11	rectify	rectify	VERB
ajeer-262	360	12	credit	credit	NOUN
ajeer-262	360	13	market	market	NOUN
ajeer-262	360	14	failures	failure	NOUN
ajeer-262	360	15	for	for	ADP
ajeer-262	360	16	the	the	DET
ajeer-262	360	17	penniless	penniless	NOUN
ajeer-262	360	18	.	.	PUNCT
ajeer-262	361	1	references	reference	NOUN
ajeer-262	361	2	aguiar	aguiar	VERB
ajeer-262	361	3	,	,	PUNCT
ajeer-262	361	4	a.	a.	NOUN
ajeer-262	361	5	and	and	CCONJ
ajeer-262	361	6	i.	i.	PROPN
ajeer-262	361	7	drumond	drumond	PROPN
ajeer-262	361	8	,	,	PUNCT
ajeer-262	361	9	2007	2007	NUM
ajeer-262	361	10	.	.	PUNCT
ajeer-262	362	1	business	business	NOUN
ajeer-262	362	2	cycle	cycle	NOUN
ajeer-262	362	3	and	and	CCONJ
ajeer-262	362	4	bank	bank	NOUN
ajeer-262	362	5	capital	capital	NOUN
ajeer-262	362	6	:	:	PUNCT
ajeer-262	362	7	monetary	monetary	ADJ
ajeer-262	362	8	policy	policy	NOUN
ajeer-262	362	9	transmission	transmission	NOUN
ajeer-262	362	10	under	under	ADP
ajeer-262	362	11	the	the	DET
ajeer-262	362	12	basel	basel	PROPN
ajeer-262	362	13	accords	accord	NOUN
ajeer-262	362	14	.	.	PUNCT
ajeer-262	363	1	fep	fep	PRON
ajeer-262	363	2	working	work	VERB
ajeer-262	363	3	paper	paper	NOUN
ajeer-262	363	4	series	series	PROPN
ajeer-262	363	5	no	no	PROPN
ajeer-262	363	6	.	.	PROPN
ajeer-262	363	7	242	242	NUM
ajeer-262	363	8	.	.	PUNCT
ajeer-262	364	1	agur	agur	PROPN
ajeer-262	364	2	,	,	PUNCT
ajeer-262	364	3	i.	i.	PROPN
ajeer-262	364	4	,	,	PUNCT
ajeer-262	364	5	2010	2010	NUM
ajeer-262	364	6	.	.	PUNCT
ajeer-262	365	1	capital	capital	NOUN
ajeer-262	365	2	requirements	requirement	NOUN
ajeer-262	365	3	and	and	CCONJ
ajeer-262	365	4	credit	credit	NOUN
ajeer-262	365	5	rationing	rationing	NOUN
ajeer-262	365	6	.	.	PUNCT
ajeer-262	366	1	dnb	dnb	PROPN
ajeer-262	366	2	working	working	PROPN
ajeer-262	366	3	paper	paper	NOUN
ajeer-262	366	4	no	no	INTJ
ajeer-262	366	5	.	.	PROPN
ajeer-262	367	1	257	257	NUM
ajeer-262	367	2	.	.	PUNCT
ajeer-262	368	1	areosa	areosa	PROPN
ajeer-262	368	2	,	,	PUNCT
ajeer-262	368	3	w.d	w.d	PROPN
ajeer-262	368	4	.	.	PROPN
ajeer-262	368	5	and	and	CCONJ
ajeer-262	368	6	c.a	c.a	PROPN
ajeer-262	368	7	.	.	PROPN
ajeer-262	368	8	coelho	coelho	PROPN
ajeer-262	368	9	,	,	PUNCT
ajeer-262	368	10	2013	2013	NUM
ajeer-262	368	11	.	.	PUNCT
ajeer-262	369	1	using	use	VERB
ajeer-262	369	2	a	a	DET
ajeer-262	369	3	dsge	dsge	NOUN
ajeer-262	369	4	model	model	NOUN
ajeer-262	369	5	to	to	PART
ajeer-262	369	6	assess	assess	VERB
ajeer-262	369	7	the	the	DET
ajeer-262	369	8	macroeconomic	macroeconomic	ADJ
ajeer-262	369	9	effects	effect	NOUN
ajeer-262	369	10	of	of	ADP
ajeer-262	369	11	reserve	reserve	NOUN
ajeer-262	369	12	requirements	requirement	NOUN
ajeer-262	369	13	in	in	ADP
ajeer-262	369	14	brazil	brazil	PROPN
ajeer-262	369	15	.	.	PUNCT
ajeer-262	370	1	central	central	PROPN
ajeer-262	370	2	bank	bank	PROPN
ajeer-262	370	3	of	of	ADP
ajeer-262	370	4	brazil	brazil	PROPN
ajeer-262	370	5	working	working	PROPN
ajeer-262	370	6	paper	paper	PROPN
ajeer-262	370	7	series	series	PROPN
ajeer-262	370	8	no	no	PROPN
ajeer-262	370	9	.	.	PROPN
ajeer-262	370	10	303	303	NUM
ajeer-262	370	11	:	:	PUNCT
ajeer-262	370	12	1	1	NUM
ajeer-262	370	13	-	-	SYM
ajeer-262	370	14	28	28	NUM
ajeer-262	370	15	.	.	PUNCT
ajeer-262	371	1	babilla	babilla	PROPN
ajeer-262	371	2	,	,	PUNCT
ajeer-262	371	3	t.k	t.k	PROPN
ajeer-262	371	4	.	.	PROPN
ajeer-262	371	5	,	,	PUNCT
ajeer-262	371	6	2014	2014	NUM
ajeer-262	371	7	.	.	PUNCT
ajeer-262	372	1	bank	bank	NOUN
ajeer-262	372	2	lending	lending	NOUN
ajeer-262	372	3	channel	channel	NOUN
ajeer-262	372	4	of	of	ADP
ajeer-262	372	5	monetary	monetary	ADJ
ajeer-262	372	6	policy	policy	NOUN
ajeer-262	372	7	transmission	transmission	NOUN
ajeer-262	372	8	in	in	ADP
ajeer-262	372	9	waemu	waemu	NOUN
ajeer-262	372	10	:	:	PUNCT
ajeer-262	372	11	a	a	DET
ajeer-262	372	12	dsge	dsge	NOUN
ajeer-262	372	13	modeling	modeling	NOUN
ajeer-262	372	14	approach	approach	NOUN
ajeer-262	372	15	.	.	PUNCT
ajeer-262	373	1	working	work	VERB
ajeer-262	373	2	paper	paper	NOUN
ajeer-262	373	3	of	of	ADP
ajeer-262	373	4	conference	conference	NOUN
ajeer-262	373	5	on	on	ADP
ajeer-262	373	6	economic	economic	ADJ
ajeer-262	373	7	development	development	NOUN
ajeer-262	373	8	in	in	ADP
ajeer-262	373	9	africa	africa	PROPN
ajeer-262	373	10	,	,	PUNCT
ajeer-262	373	11	st	st	PROPN
ajeer-262	373	12	.	.	PROPN
ajeer-262	373	13	caherine	caherine	PROPN
ajeer-262	373	14	's	's	PART
ajeer-262	373	15	college	college	NOUN
ajeer-262	373	16	,	,	PUNCT
ajeer-262	373	17	oxford	oxford	PROPN
ajeer-262	373	18	.	.	PUNCT
ajeer-262	374	1	bernanke	bernanke	PROPN
ajeer-262	374	2	,	,	PUNCT
ajeer-262	374	3	b.	b.	PROPN
ajeer-262	374	4	,	,	PUNCT
ajeer-262	374	5	m.	m.	NOUN
ajeer-262	374	6	gertler	gertler	NOUN
ajeer-262	374	7	and	and	CCONJ
ajeer-262	374	8	s.	s.	PROPN
ajeer-262	374	9	gilchrist	gilchrist	PROPN
ajeer-262	374	10	,	,	PUNCT
ajeer-262	374	11	1989	1989	NUM
ajeer-262	374	12	.	.	PUNCT
ajeer-262	375	1	the	the	DET
ajeer-262	375	2	financial	financial	ADJ
ajeer-262	375	3	accelerator	accelerator	NOUN
ajeer-262	375	4	and	and	CCONJ
ajeer-262	375	5	the	the	DET
ajeer-262	375	6	flight	flight	NOUN
ajeer-262	375	7	to	to	ADP
ajeer-262	375	8	quality	quality	NOUN
ajeer-262	375	9	.	.	PUNCT
ajeer-262	376	1	the	the	DET
ajeer-262	376	2	review	review	NOUN
ajeer-262	376	3	of	of	ADP
ajeer-262	376	4	economics	economic	NOUN
ajeer-262	376	5	and	and	CCONJ
ajeer-262	376	6	statistics	statistic	NOUN
ajeer-262	376	7	,	,	PUNCT
ajeer-262	376	8	78(1	78(1	NOUN
ajeer-262	376	9	):	):	PUNCT
ajeer-262	376	10	1	1	NUM
ajeer-262	376	11	-	-	SYM
ajeer-262	376	12	15	15	NUM
ajeer-262	376	13	.	.	PUNCT
ajeer-262	377	1	bernanke	bernanke	PROPN
ajeer-262	377	2	,	,	PUNCT
ajeer-262	377	3	b.s	b.s	PROPN
ajeer-262	377	4	.	.	PROPN
ajeer-262	377	5	,	,	PUNCT
ajeer-262	377	6	m.	m.	NOUN
ajeer-262	377	7	gertler	gertler	NOUN
ajeer-262	377	8	and	and	CCONJ
ajeer-262	377	9	s.	s.	PROPN
ajeer-262	377	10	gilchrist	gilchrist	PROPN
ajeer-262	377	11	,	,	PUNCT
ajeer-262	377	12	1999	1999	NUM
ajeer-262	377	13	.	.	PUNCT
ajeer-262	378	1	the	the	DET
ajeer-262	378	2	financial	financial	ADJ
ajeer-262	378	3	accelerator	accelerator	NOUN
ajeer-262	378	4	in	in	ADP
ajeer-262	378	5	a	a	DET
ajeer-262	378	6	quantitative	quantitative	ADJ
ajeer-262	378	7	business	business	NOUN
ajeer-262	378	8	cycle	cycle	NOUN
ajeer-262	378	9	framework	framework	NOUN
ajeer-262	378	10	.	.	PUNCT
ajeer-262	379	1	handbook	handbook	NOUN
ajeer-262	379	2	of	of	ADP
ajeer-262	379	3	macroeconomics	macroeconomic	NOUN
ajeer-262	379	4	,	,	PUNCT
ajeer-262	379	5	1	1	NUM
ajeer-262	379	6	:	:	SYM
ajeer-262	379	7	1341	1341	NUM
ajeer-262	379	8	-	-	SYM
ajeer-262	379	9	1393	1393	NUM
ajeer-262	379	10	.	.	PUNCT
ajeer-262	380	1	available	available	ADJ
ajeer-262	380	2	at	at	ADP
ajeer-262	380	3	:	:	PUNCT
ajeer-262	380	4	https://doi.org/10.1016/s1574-0048(99)10034-x	https://doi.org/10.1016/s1574-0048(99)10034-x	PROPN
ajeer-262	380	5	.	.	PUNCT
ajeer-262	380	6	brázdik	brázdik	PROPN
ajeer-262	380	7	,	,	PUNCT
ajeer-262	380	8	f.	f.	PROPN
ajeer-262	380	9	,	,	PUNCT
ajeer-262	380	10	m.	m.	NOUN
ajeer-262	380	11	hlaváček	hlaváček	PROPN
ajeer-262	380	12	and	and	CCONJ
ajeer-262	380	13	a.	a.	PROPN
ajeer-262	380	14	maršál	maršál	PROPN
ajeer-262	380	15	,	,	PUNCT
ajeer-262	380	16	2012	2012	NUM
ajeer-262	380	17	.	.	PUNCT
ajeer-262	381	1	survey	survey	NOUN
ajeer-262	381	2	of	of	ADP
ajeer-262	381	3	research	research	NOUN
ajeer-262	381	4	on	on	ADP
ajeer-262	381	5	financial	financial	ADJ
ajeer-262	381	6	sector	sector	NOUN
ajeer-262	381	7	modeling	modeling	NOUN
ajeer-262	381	8	within	within	ADP
ajeer-262	381	9	dsge	dsge	NOUN
ajeer-262	381	10	models	model	NOUN
ajeer-262	381	11	:	:	PUNCT
ajeer-262	381	12	what	what	PRON
ajeer-262	381	13	central	central	ADJ
ajeer-262	381	14	banks	bank	NOUN
ajeer-262	381	15	can	can	AUX
ajeer-262	381	16	learn	learn	VERB
ajeer-262	381	17	from	from	ADP
ajeer-262	381	18	it	it	PRON
ajeer-262	381	19	.	.	PUNCT
ajeer-262	382	1	finance	finance	NOUN
ajeer-262	382	2	and	and	CCONJ
ajeer-262	382	3	credit	credit	NOUN
ajeer-262	382	4	-czech	-czech	PROPN
ajeer-262	382	5	journal	journal	NOUN
ajeer-262	382	6	of	of	ADP
ajeer-262	382	7	economics	economic	NOUN
ajeer-262	382	8	and	and	CCONJ
ajeer-262	382	9	finance	finance	NOUN
ajeer-262	382	10	,	,	PUNCT
ajeer-262	382	11	62(3	62(3	NOUN
ajeer-262	382	12	):	):	PUNCT
ajeer-262	382	13	252–277	252–277	NUM
ajeer-262	382	14	.	.	PUNCT
ajeer-262	383	1	brzoza	brzoza	NOUN
ajeer-262	383	2	-	-	PUNCT
ajeer-262	383	3	brzezina	brzezina	NOUN
ajeer-262	383	4	,	,	PUNCT
ajeer-262	383	5	m.	m.	NOUN
ajeer-262	383	6	,	,	PUNCT
ajeer-262	383	7	m.	m.	NOUN
ajeer-262	383	8	kolasa	kolasa	PROPN
ajeer-262	383	9	and	and	CCONJ
ajeer-262	383	10	k.	k.	PROPN
ajeer-262	383	11	makarski	makarski	PROPN
ajeer-262	383	12	,	,	PUNCT
ajeer-262	383	13	2010	2010	NUM
ajeer-262	383	14	.	.	PUNCT
ajeer-262	384	1	the	the	DET
ajeer-262	384	2	anatomy	anatomy	NOUN
ajeer-262	384	3	of	of	ADP
ajeer-262	384	4	standard	standard	ADJ
ajeer-262	384	5	dsge	dsge	NOUN
ajeer-262	384	6	models	model	NOUN
ajeer-262	384	7	with	with	ADP
ajeer-262	384	8	financial	financial	ADJ
ajeer-262	384	9	frictions	friction	NOUN
ajeer-262	384	10	.	.	PUNCT
ajeer-262	385	1	national	national	PROPN
ajeer-262	385	2	bank	bank	PROPN
ajeer-262	385	3	of	of	ADP
ajeer-262	385	4	poland	poland	PROPN
ajeer-262	385	5	disucssion	disucssion	NOUN
ajeer-262	385	6	paper	paper	NOUN
ajeer-262	385	7	.	.	PUNCT
ajeer-262	386	1	calvo	calvo	PROPN
ajeer-262	386	2	,	,	PUNCT
ajeer-262	386	3	g.a	g.a	PROPN
ajeer-262	386	4	.	.	PROPN
ajeer-262	386	5	,	,	PUNCT
ajeer-262	386	6	1983	1983	NUM
ajeer-262	386	7	.	.	PUNCT
ajeer-262	387	1	staggered	staggered	ADJ
ajeer-262	387	2	prices	price	NOUN
ajeer-262	387	3	in	in	ADP
ajeer-262	387	4	a	a	DET
ajeer-262	387	5	utility	utility	NOUN
ajeer-262	387	6	-	-	PUNCT
ajeer-262	387	7	maximizing	maximize	VERB
ajeer-262	387	8	framework	framework	NOUN
ajeer-262	387	9	.	.	PUNCT
ajeer-262	388	1	journal	journal	NOUN
ajeer-262	388	2	of	of	ADP
ajeer-262	388	3	monetary	monetary	ADJ
ajeer-262	388	4	economics	economic	NOUN
ajeer-262	388	5	,	,	PUNCT
ajeer-262	388	6	12(3	12(3	NUM
ajeer-262	388	7	):	):	PUNCT
ajeer-262	388	8	383	383	NUM
ajeer-262	388	9	-	-	SYM
ajeer-262	388	10	398	398	NUM
ajeer-262	388	11	.	.	PUNCT
ajeer-262	388	12	available	available	ADJ
ajeer-262	388	13	at	at	ADP
ajeer-262	388	14	:	:	PUNCT
ajeer-262	388	15	https://doi.org/10.1016/0304-3932(83)90060-0	https://doi.org/10.1016/0304-3932(83)90060-0	PROPN
ajeer-262	388	16	.	.	PROPN
ajeer-262	388	17	carlstrom	carlstrom	PROPN
ajeer-262	388	18	,	,	PUNCT
ajeer-262	388	19	c.t	c.t	PROPN
ajeer-262	388	20	.	.	PROPN
ajeer-262	388	21	and	and	CCONJ
ajeer-262	388	22	t.s	t.s	PROPN
ajeer-262	388	23	.	.	PROPN
ajeer-262	388	24	fuerst	fuerst	PROPN
ajeer-262	388	25	,	,	PUNCT
ajeer-262	388	26	1997	1997	NUM
ajeer-262	388	27	.	.	PUNCT
ajeer-262	389	1	agency	agency	NOUN
ajeer-262	389	2	costs	cost	NOUN
ajeer-262	389	3	,	,	PUNCT
ajeer-262	389	4	net	net	ADJ
ajeer-262	389	5	worth	worth	NOUN
ajeer-262	389	6	,	,	PUNCT
ajeer-262	389	7	and	and	CCONJ
ajeer-262	389	8	business	business	NOUN
ajeer-262	389	9	fluctuations	fluctuation	NOUN
ajeer-262	389	10	:	:	PUNCT
ajeer-262	389	11	a	a	DET
ajeer-262	389	12	computable	computable	ADJ
ajeer-262	389	13	general	general	ADJ
ajeer-262	389	14	equilibrium	equilibrium	NOUN
ajeer-262	389	15	analysis	analysis	NOUN
ajeer-262	389	16	.	.	PUNCT
ajeer-262	390	1	the	the	DET
ajeer-262	390	2	american	american	PROPN
ajeer-262	390	3	economic	economic	PROPN
ajeer-262	390	4	review	review	PROPN
ajeer-262	390	5	,	,	PUNCT
ajeer-262	390	6	87(5	87(5	NUM
ajeer-262	390	7	):	):	PUNCT
ajeer-262	390	8	893	893	NUM
ajeer-262	390	9	-	-	SYM
ajeer-262	390	10	910	910	NUM
ajeer-262	390	11	.	.	PUNCT
ajeer-262	391	1	carrera	carrera	PROPN
ajeer-262	391	2	,	,	PUNCT
ajeer-262	391	3	c.	c.	PROPN
ajeer-262	391	4	and	and	CCONJ
ajeer-262	391	5	h.	h.	PROPN
ajeer-262	391	6	vega	vega	PROPN
ajeer-262	391	7	,	,	PUNCT
ajeer-262	391	8	2012	2012	NUM
ajeer-262	391	9	.	.	PUNCT
ajeer-262	392	1	interbank	interbank	NOUN
ajeer-262	392	2	market	market	NOUN
ajeer-262	392	3	and	and	CCONJ
ajeer-262	392	4	macroprudential	macroprudential	ADJ
ajeer-262	392	5	tools	tool	NOUN
ajeer-262	392	6	in	in	ADP
ajeer-262	392	7	a	a	DET
ajeer-262	392	8	dsge	dsge	NOUN
ajeer-262	392	9	model	model	NOUN
ajeer-262	392	10	.	.	PUNCT
ajeer-262	393	1	central	central	PROPN
ajeer-262	393	2	reserve	reserve	PROPN
ajeer-262	393	3	bank	bank	PROPN
ajeer-262	393	4	of	of	ADP
ajeer-262	393	5	peru	peru	PROPN
ajeer-262	393	6	working	working	PROPN
ajeer-262	393	7	paper	paper	PROPN
ajeer-262	393	8	series	series	PROPN
ajeer-262	393	9	no.014	no.014	PROPN
ajeer-262	393	10	:	:	PUNCT
ajeer-262	393	11	1	1	NUM
ajeer-262	393	12	-	-	SYM
ajeer-262	393	13	46	46	NUM
ajeer-262	393	14	.	.	PUNCT
ajeer-262	394	1	asian	asian	ADJ
ajeer-262	394	2	journal	journal	PROPN
ajeer-262	394	3	of	of	ADP
ajeer-262	394	4	economics	economic	NOUN
ajeer-262	394	5	and	and	CCONJ
ajeer-262	394	6	empirical	empirical	ADJ
ajeer-262	394	7	research	research	NOUN
ajeer-262	394	8	,	,	PUNCT
ajeer-262	394	9	2019	2019	NUM
ajeer-262	394	10	,	,	PUNCT
ajeer-262	394	11	6(1	6(1	NUM
ajeer-262	394	12	):	):	PUNCT
ajeer-262	394	13	16	16	NUM
ajeer-262	394	14	-	-	SYM
ajeer-262	394	15	26	26	NUM
ajeer-262	394	16	26	26	NUM
ajeer-262	394	17	©	©	PROPN
ajeer-262	394	18	2019	2019	NUM
ajeer-262	394	19	by	by	ADP
ajeer-262	394	20	the	the	DET
ajeer-262	394	21	authors	author	NOUN
ajeer-262	394	22	;	;	PUNCT
ajeer-262	394	23	licensee	licensee	PROPN
ajeer-262	394	24	asian	asian	ADJ
ajeer-262	394	25	online	online	PROPN
ajeer-262	394	26	journal	journal	PROPN
ajeer-262	394	27	publishing	publishing	PROPN
ajeer-262	394	28	group	group	PROPN
ajeer-262	394	29	cassar	cassar	PROPN
ajeer-262	394	30	,	,	PUNCT
ajeer-262	394	31	g.	g.	PROPN
ajeer-262	394	32	,	,	PUNCT
ajeer-262	394	33	2004	2004	NUM
ajeer-262	394	34	.	.	PUNCT
ajeer-262	395	1	the	the	DET
ajeer-262	395	2	financing	financing	NOUN
ajeer-262	395	3	of	of	ADP
ajeer-262	395	4	business	business	NOUN
ajeer-262	395	5	start	start	NOUN
ajeer-262	395	6	-	-	PUNCT
ajeer-262	395	7	ups	up	NOUN
ajeer-262	395	8	.	.	PUNCT
ajeer-262	396	1	journal	journal	PROPN
ajeer-262	396	2	of	of	ADP
ajeer-262	396	3	business	business	NOUN
ajeer-262	396	4	venturing	venturing	NOUN
ajeer-262	396	5	,	,	PUNCT
ajeer-262	396	6	19(2	19(2	NUM
ajeer-262	396	7	):	):	PUNCT
ajeer-262	396	8	261	261	NUM
ajeer-262	396	9	-	-	SYM
ajeer-262	396	10	283	283	NUM
ajeer-262	396	11	.	.	PUNCT
ajeer-262	397	1	available	available	ADJ
ajeer-262	397	2	at	at	ADP
ajeer-262	397	3	:	:	PUNCT
ajeer-262	397	4	https://doi.org/10.1016/s0883-9026(03)00029-6	https://doi.org/10.1016/s0883-9026(03)00029-6	PROPN
ajeer-262	397	5	.	.	PUNCT
ajeer-262	398	1	christensen	christensen	PROPN
ajeer-262	398	2	,	,	PUNCT
ajeer-262	398	3	i.	i.	PROPN
ajeer-262	398	4	and	and	CCONJ
ajeer-262	398	5	a.	a.	PROPN
ajeer-262	398	6	dib	dib	PROPN
ajeer-262	398	7	,	,	PUNCT
ajeer-262	398	8	2008	2008	NUM
ajeer-262	398	9	.	.	PUNCT
ajeer-262	399	1	the	the	DET
ajeer-262	399	2	financial	financial	ADJ
ajeer-262	399	3	accelerator	accelerator	NOUN
ajeer-262	399	4	in	in	ADP
ajeer-262	399	5	an	an	DET
ajeer-262	399	6	estimated	estimate	VERB
ajeer-262	399	7	new	new	ADJ
ajeer-262	399	8	keynesian	keynesian	ADJ
ajeer-262	399	9	model	model	NOUN
ajeer-262	399	10	.	.	PUNCT
ajeer-262	400	1	review	review	NOUN
ajeer-262	400	2	of	of	ADP
ajeer-262	400	3	economic	economic	ADJ
ajeer-262	400	4	dynamics	dynamic	NOUN
ajeer-262	400	5	,	,	PUNCT
ajeer-262	400	6	11(1	11(1	NUM
ajeer-262	400	7	):	):	PUNCT
ajeer-262	400	8	155178	155178	NUM
ajeer-262	400	9	.	.	PUNCT
ajeer-262	401	1	available	available	ADJ
ajeer-262	401	2	at	at	ADP
ajeer-262	401	3	:	:	PUNCT
ajeer-262	401	4	https://doi.org/10.1016/j.red.2007.04.006	https://doi.org/10.1016/j.red.2007.04.006	PROPN
ajeer-262	401	5	.	.	PUNCT
ajeer-262	401	6	clarida	clarida	PROPN
ajeer-262	401	7	,	,	PUNCT
ajeer-262	401	8	r.	r.	PROPN
ajeer-262	401	9	,	,	PUNCT
ajeer-262	401	10	j.	j.	PROPN
ajeer-262	401	11	gali	gali	PROPN
ajeer-262	401	12	and	and	CCONJ
ajeer-262	401	13	m.	m.	NOUN
ajeer-262	401	14	gertler	gertler	NOUN
ajeer-262	401	15	,	,	PUNCT
ajeer-262	401	16	1999	1999	NUM
ajeer-262	401	17	.	.	PUNCT
ajeer-262	402	1	the	the	DET
ajeer-262	402	2	science	science	NOUN
ajeer-262	402	3	of	of	ADP
ajeer-262	402	4	monetary	monetary	ADJ
ajeer-262	402	5	policy	policy	NOUN
ajeer-262	402	6	:	:	PUNCT
ajeer-262	402	7	a	a	DET
ajeer-262	402	8	new	new	ADJ
ajeer-262	402	9	keynesian	keynesian	ADJ
ajeer-262	402	10	perspective	perspective	NOUN
ajeer-262	402	11	.	.	PUNCT
ajeer-262	403	1	journal	journal	NOUN
ajeer-262	403	2	of	of	ADP
ajeer-262	403	3	economic	economic	ADJ
ajeer-262	403	4	literature	literature	NOUN
ajeer-262	403	5	,	,	PUNCT
ajeer-262	403	6	37(4	37(4	PROPN
ajeer-262	403	7	):	):	PUNCT
ajeer-262	403	8	1661	1661	NUM
ajeer-262	403	9	-	-	SYM
ajeer-262	403	10	1707	1707	NUM
ajeer-262	403	11	.	.	PUNCT
ajeer-262	404	1	dib	dib	PROPN
ajeer-262	404	2	,	,	PUNCT
ajeer-262	404	3	a.	a.	NOUN
ajeer-262	404	4	,	,	PUNCT
ajeer-262	404	5	2010	2010	NUM
ajeer-262	404	6	.	.	PUNCT
ajeer-262	405	1	banks	bank	NOUN
ajeer-262	405	2	,	,	PUNCT
ajeer-262	405	3	credit	credit	NOUN
ajeer-262	405	4	market	market	NOUN
ajeer-262	405	5	frictions	friction	NOUN
ajeer-262	405	6	,	,	PUNCT
ajeer-262	405	7	and	and	CCONJ
ajeer-262	405	8	business	business	NOUN
ajeer-262	405	9	cycles	cycle	NOUN
ajeer-262	405	10	.	.	PUNCT
ajeer-262	406	1	bank	bank	PROPN
ajeer-262	406	2	of	of	ADP
ajeer-262	406	3	canada	canada	PROPN
ajeer-262	406	4	working	working	PROPN
ajeer-262	406	5	paper	paper	PROPN
ajeer-262	406	6	series	series	PROPN
ajeer-262	406	7	no.24	no.24	PROPN
ajeer-262	406	8	:	:	PUNCT
ajeer-262	406	9	1	1	NUM
ajeer-262	406	10	-	-	SYM
ajeer-262	406	11	48	48	NUM
ajeer-262	406	12	.	.	PUNCT
ajeer-262	407	1	fukunaga	fukunaga	PROPN
ajeer-262	407	2	,	,	PUNCT
ajeer-262	407	3	i.	i.	PROPN
ajeer-262	407	4	,	,	PUNCT
ajeer-262	407	5	2002	2002	NUM
ajeer-262	407	6	.	.	PUNCT
ajeer-262	408	1	financial	financial	ADJ
ajeer-262	408	2	accelerator	accelerator	NOUN
ajeer-262	408	3	effects	effect	NOUN
ajeer-262	408	4	in	in	ADP
ajeer-262	408	5	japan‘s	japan‘s	NOUN
ajeer-262	408	6	business	business	NOUN
ajeer-262	408	7	cycles	cycle	NOUN
ajeer-262	408	8	.	.	PUNCT
ajeer-262	409	1	bank	bank	PROPN
ajeer-262	409	2	of	of	ADP
ajeer-262	409	3	japan	japan	PROPN
ajeer-262	409	4	working	working	PROPN
ajeer-262	409	5	paper	paper	PROPN
ajeer-262	409	6	series	series	PROPN
ajeer-262	409	7	no	no	PROPN
ajeer-262	409	8	.	.	PROPN
ajeer-262	410	1	02	02	NUM
ajeer-262	410	2	-	-	SYM
ajeer-262	410	3	6	6	NUM
ajeer-262	410	4	.	.	PUNCT
ajeer-262	410	5	gertler	gertler	NOUN
ajeer-262	410	6	,	,	PUNCT
ajeer-262	410	7	m.	m.	NOUN
ajeer-262	410	8	and	and	CCONJ
ajeer-262	410	9	p.	p.	PROPN
ajeer-262	410	10	karadi	karadi	PROPN
ajeer-262	410	11	,	,	PUNCT
ajeer-262	410	12	2011	2011	NUM
ajeer-262	410	13	.	.	PUNCT
ajeer-262	411	1	a	a	DET
ajeer-262	411	2	model	model	NOUN
ajeer-262	411	3	of	of	ADP
ajeer-262	411	4	unconventional	unconventional	ADJ
ajeer-262	411	5	monetary	monetary	ADJ
ajeer-262	411	6	policy	policy	NOUN
ajeer-262	411	7	.	.	PUNCT
ajeer-262	412	1	journal	journal	NOUN
ajeer-262	412	2	of	of	ADP
ajeer-262	412	3	monetary	monetary	ADJ
ajeer-262	412	4	economics	economic	NOUN
ajeer-262	412	5	,	,	PUNCT
ajeer-262	412	6	58(1	58(1	NUM
ajeer-262	412	7	):	):	PUNCT
ajeer-262	412	8	17	17	NUM
ajeer-262	412	9	-	-	SYM
ajeer-262	412	10	34	34	NUM
ajeer-262	412	11	.	.	PUNCT
ajeer-262	413	1	hafstead	hafstead	ADJ
ajeer-262	413	2	,	,	PUNCT
ajeer-262	413	3	m.	m.	NOUN
ajeer-262	413	4	and	and	CCONJ
ajeer-262	413	5	j.	j.	PROPN
ajeer-262	413	6	smith	smith	PROPN
ajeer-262	413	7	,	,	PUNCT
ajeer-262	413	8	2012	2012	NUM
ajeer-262	413	9	.	.	PUNCT
ajeer-262	414	1	financial	financial	ADJ
ajeer-262	414	2	shocks	shock	NOUN
ajeer-262	414	3	,	,	PUNCT
ajeer-262	414	4	bank	bank	NOUN
ajeer-262	414	5	intermediation	intermediation	NOUN
ajeer-262	414	6	,	,	PUNCT
ajeer-262	414	7	and	and	CCONJ
ajeer-262	414	8	monetary	monetary	ADJ
ajeer-262	414	9	policy	policy	NOUN
ajeer-262	414	10	in	in	ADP
ajeer-262	414	11	a	a	DET
ajeer-262	414	12	dsge	dsge	NOUN
ajeer-262	414	13	model	model	NOUN
ajeer-262	414	14	.	.	PUNCT
ajeer-262	415	1	stanford	stanford	PROPN
ajeer-262	415	2	university	university	PROPN
ajeer-262	415	3	economic	economic	ADJ
ajeer-262	415	4	research	research	NOUN
ajeer-262	415	5	working	working	NOUN
ajeer-262	415	6	paper	paper	NOUN
ajeer-262	415	7	.	.	PUNCT
ajeer-262	416	1	heuvel	heuvel	PROPN
ajeer-262	416	2	,	,	PUNCT
ajeer-262	416	3	v.d.s.j	v.d.s.j	PROPN
ajeer-262	416	4	.	.	PROPN
ajeer-262	416	5	,	,	PUNCT
ajeer-262	416	6	2002	2002	NUM
ajeer-262	416	7	.	.	PUNCT
ajeer-262	417	1	does	do	AUX
ajeer-262	417	2	bank	bank	NOUN
ajeer-262	417	3	capital	capital	NOUN
ajeer-262	417	4	matter	matter	NOUN
ajeer-262	417	5	for	for	ADP
ajeer-262	417	6	monetary	monetary	ADJ
ajeer-262	417	7	transmission	transmission	NOUN
ajeer-262	417	8	?	?	PUNCT
ajeer-262	418	1	economic	economic	ADJ
ajeer-262	418	2	policy	policy	NOUN
ajeer-262	418	3	review	review	NOUN
ajeer-262	418	4	,	,	PUNCT
ajeer-262	418	5	8(1	8(1	NOUN
ajeer-262	418	6	):	):	PUNCT
ajeer-262	418	7	259	259	NUM
ajeer-262	418	8	-	-	SYM
ajeer-262	418	9	265	265	NUM
ajeer-262	418	10	.	.	PUNCT
ajeer-262	419	1	kiyotaki	kiyotaki	NOUN
ajeer-262	419	2	,	,	PUNCT
ajeer-262	419	3	n.	n.	PROPN
ajeer-262	419	4	and	and	CCONJ
ajeer-262	419	5	j.	j.	PROPN
ajeer-262	419	6	moore	moore	PROPN
ajeer-262	419	7	,	,	PUNCT
ajeer-262	419	8	1997	1997	NUM
ajeer-262	419	9	.	.	PUNCT
ajeer-262	420	1	credit	credit	NOUN
ajeer-262	420	2	cycles	cycle	NOUN
ajeer-262	420	3	.	.	PUNCT
ajeer-262	421	1	journal	journal	NOUN
ajeer-262	421	2	of	of	ADP
ajeer-262	421	3	political	political	ADJ
ajeer-262	421	4	economy	economy	NOUN
ajeer-262	421	5	,	,	PUNCT
ajeer-262	421	6	105(2	105(2	NUM
ajeer-262	421	7	):	):	PUNCT
ajeer-262	421	8	211	211	NUM
ajeer-262	421	9	-	-	SYM
ajeer-262	421	10	248	248	NUM
ajeer-262	421	11	.	.	PUNCT
ajeer-262	422	1	markovic	markovic	PROPN
ajeer-262	422	2	,	,	PUNCT
ajeer-262	422	3	b.	b.	PROPN
ajeer-262	422	4	,	,	PUNCT
ajeer-262	422	5	2006	2006	NUM
ajeer-262	422	6	.	.	PUNCT
ajeer-262	423	1	bank	bank	NOUN
ajeer-262	423	2	capital	capital	NOUN
ajeer-262	423	3	channels	channel	NOUN
ajeer-262	423	4	in	in	ADP
ajeer-262	423	5	the	the	DET
ajeer-262	423	6	monetary	monetary	ADJ
ajeer-262	423	7	transmission	transmission	NOUN
ajeer-262	423	8	mechanism	mechanism	NOUN
ajeer-262	423	9	.	.	PUNCT
ajeer-262	424	1	bank	bank	PROPN
ajeer-262	424	2	of	of	ADP
ajeer-262	424	3	england	england	PROPN
ajeer-262	424	4	working	working	PROPN
ajeer-262	424	5	paper	paper	PROPN
ajeer-262	424	6	no	no	INTJ
ajeer-262	424	7	.	.	PROPN
ajeer-262	424	8	313	313	NUM
ajeer-262	424	9	.	.	PUNCT
ajeer-262	425	1	meh	meh	PROPN
ajeer-262	425	2	,	,	PUNCT
ajeer-262	425	3	c.a	c.a	PROPN
ajeer-262	425	4	.	.	PROPN
ajeer-262	425	5	and	and	CCONJ
ajeer-262	425	6	k.	k.	PROPN
ajeer-262	425	7	moran	moran	PROPN
ajeer-262	425	8	,	,	PUNCT
ajeer-262	425	9	2010	2010	NUM
ajeer-262	425	10	.	.	PUNCT
ajeer-262	426	1	the	the	DET
ajeer-262	426	2	role	role	NOUN
ajeer-262	426	3	of	of	ADP
ajeer-262	426	4	bank	bank	NOUN
ajeer-262	426	5	capital	capital	NOUN
ajeer-262	426	6	in	in	ADP
ajeer-262	426	7	the	the	DET
ajeer-262	426	8	propagation	propagation	NOUN
ajeer-262	426	9	of	of	ADP
ajeer-262	426	10	shocks	shock	NOUN
ajeer-262	426	11	.	.	PUNCT
ajeer-262	427	1	journal	journal	NOUN
ajeer-262	427	2	of	of	ADP
ajeer-262	427	3	economic	economic	ADJ
ajeer-262	427	4	dynamics	dynamic	NOUN
ajeer-262	427	5	and	and	CCONJ
ajeer-262	427	6	control	control	NOUN
ajeer-262	427	7	,	,	PUNCT
ajeer-262	427	8	34(3	34(3	NUM
ajeer-262	427	9	):	):	PUNCT
ajeer-262	427	10	555	555	NUM
ajeer-262	427	11	-	-	SYM
ajeer-262	427	12	576	576	NUM
ajeer-262	427	13	.	.	PUNCT
ajeer-262	427	14	available	available	ADJ
ajeer-262	427	15	at	at	ADP
ajeer-262	427	16	:	:	PUNCT
ajeer-262	427	17	https://doi.org/10.1016/j.jedc.2009.10.009	https://doi.org/10.1016/j.jedc.2009.10.009	PROPN
ajeer-262	427	18	.	.	PUNCT
ajeer-262	428	1	stiglitz	stiglitz	PROPN
ajeer-262	428	2	,	,	PUNCT
ajeer-262	428	3	j.e	j.e	PROPN
ajeer-262	428	4	.	.	PROPN
ajeer-262	428	5	and	and	CCONJ
ajeer-262	428	6	a.	a.	NOUN
ajeer-262	428	7	weiss	weiss	PROPN
ajeer-262	428	8	,	,	PUNCT
ajeer-262	428	9	1981	1981	NUM
ajeer-262	428	10	.	.	PUNCT
ajeer-262	429	1	credit	credit	NOUN
ajeer-262	429	2	rationing	ration	VERB
ajeer-262	429	3	in	in	ADP
ajeer-262	429	4	markets	market	NOUN
ajeer-262	429	5	with	with	ADP
ajeer-262	429	6	imperfect	imperfect	ADJ
ajeer-262	429	7	information	information	NOUN
ajeer-262	429	8	.	.	PUNCT
ajeer-262	430	1	the	the	DET
ajeer-262	430	2	american	american	PROPN
ajeer-262	430	3	economic	economic	PROPN
ajeer-262	430	4	review	review	PROPN
ajeer-262	430	5	,	,	PUNCT
ajeer-262	430	6	71(3	71(3	NUM
ajeer-262	430	7	):	):	PUNCT
ajeer-262	430	8	393	393	NUM
ajeer-262	430	9	-	-	SYM
ajeer-262	430	10	410	410	NUM
ajeer-262	430	11	.	.	PUNCT
ajeer-262	431	1	vousinas	vousinas	PROPN
ajeer-262	431	2	,	,	PUNCT
ajeer-262	431	3	g.l	g.l	PROPN
ajeer-262	431	4	.	.	PROPN
ajeer-262	431	5	,	,	PUNCT
ajeer-262	431	6	2013	2013	NUM
ajeer-262	431	7	.	.	PUNCT
ajeer-262	432	1	the	the	DET
ajeer-262	432	2	transmission	transmission	NOUN
ajeer-262	432	3	channels	channel	NOUN
ajeer-262	432	4	between	between	ADP
ajeer-262	432	5	financial	financial	ADJ
ajeer-262	432	6	sector	sector	NOUN
ajeer-262	432	7	and	and	CCONJ
ajeer-262	432	8	real	real	ADJ
ajeer-262	432	9	economy	economy	NOUN
ajeer-262	432	10	in	in	ADP
ajeer-262	432	11	light	light	NOUN
ajeer-262	432	12	of	of	ADP
ajeer-262	432	13	the	the	DET
ajeer-262	432	14	current	current	ADJ
ajeer-262	432	15	financial	financial	ADJ
ajeer-262	432	16	crisis	crisis	NOUN
ajeer-262	432	17	a	a	DET
ajeer-262	432	18	critical	critical	ADJ
ajeer-262	432	19	survey	survey	NOUN
ajeer-262	432	20	of	of	ADP
ajeer-262	432	21	the	the	DET
ajeer-262	432	22	literature	literature	NOUN
ajeer-262	432	23	.	.	PUNCT
ajeer-262	433	1	modern	modern	ADJ
ajeer-262	433	2	economy	economy	NOUN
ajeer-262	433	3	,	,	PUNCT
ajeer-262	433	4	4(4	4(4	NUM
ajeer-262	433	5	):	):	PUNCT
ajeer-262	433	6	248	248	NUM
ajeer-262	433	7	-	-	SYM
ajeer-262	433	8	256	256	NUM
ajeer-262	433	9	.	.	PUNCT
ajeer-262	433	10	available	available	ADJ
ajeer-262	433	11	at	at	ADP
ajeer-262	433	12	:	:	PUNCT
ajeer-262	433	13	https://doi.org/10.4236/me.2013.44028	https://doi.org/10.4236/me.2013.44028	PROPN
ajeer-262	433	14	.	.	PUNCT
ajeer-262	434	1	world	world	PROPN
ajeer-262	434	2	bank	bank	PROPN
ajeer-262	434	3	,	,	PUNCT
ajeer-262	434	4	2015	2015	NUM
ajeer-262	434	5	.	.	PUNCT
ajeer-262	435	1	sme	sme	NOUN
ajeer-262	435	2	finance	finance	PROPN
ajeer-262	435	3	in	in	ADP
ajeer-262	435	4	ethiopia	ethiopia	PROPN
ajeer-262	435	5	:	:	PUNCT
ajeer-262	435	6	addressing	address	VERB
ajeer-262	435	7	the	the	DET
ajeer-262	435	8	missing	missing	ADJ
ajeer-262	435	9	middle	middle	ADJ
ajeer-262	435	10	challenge	challenge	NOUN
ajeer-262	435	11	.	.	PUNCT
ajeer-262	436	1	washington	washington	PROPN
ajeer-262	436	2	,	,	PUNCT
ajeer-262	436	3	dc	dc	PROPN
ajeer-262	436	4	:	:	PUNCT
ajeer-262	436	5	world	world	PROPN
ajeer-262	436	6	bank	bank	PROPN
ajeer-262	436	7	group	group	NOUN
ajeer-262	436	8	.	.	PUNCT
ajeer-262	437	1	zhang	zhang	PROPN
ajeer-262	437	2	,	,	PUNCT
ajeer-262	437	3	l.	l.	PROPN
ajeer-262	437	4	,	,	PUNCT
ajeer-262	437	5	2009	2009	NUM
ajeer-262	437	6	.	.	PUNCT
ajeer-262	438	1	bank	bank	NOUN
ajeer-262	438	2	capital	capital	PROPN
ajeer-262	438	3	regulation	regulation	PROPN
ajeer-262	438	4	,	,	PUNCT
ajeer-262	438	5	lending	lending	NOUN
ajeer-262	438	6	channel	channel	NOUN
ajeer-262	438	7	and	and	CCONJ
ajeer-262	438	8	business	business	NOUN
ajeer-262	438	9	cycles	cycle	NOUN
ajeer-262	438	10	.	.	PUNCT
ajeer-262	439	1	deutsche	deutsche	PROPN
ajeer-262	439	2	bundesbank	bundesbank	PROPN
ajeer-262	439	3	working	working	PROPN
ajeer-262	439	4	paper	paper	PROPN
ajeer-262	439	5	series	series	PROPN
ajeer-262	439	6	no	no	PROPN
ajeer-262	439	7	.	.	PUNCT
ajeer-262	440	1	33/2009	33/2009	NUM
ajeer-262	440	2	:	:	PUNCT
ajeer-262	440	3	156	156	NUM
ajeer-262	440	4	.	.	PUNCT
ajeer-262	440	5	appendix	appendix	VERB
ajeer-262	440	6	appendix	appendix	ADJ
ajeer-262	440	7	-	-	PUNCT
ajeer-262	440	8	a.	a.	NOUN
ajeer-262	440	9	parameter	parameter	NOUN
ajeer-262	440	10	definitions	definition	NOUN
ajeer-262	440	11	and	and	CCONJ
ajeer-262	440	12	values	value	NOUN
ajeer-262	440	13	parameter	parameter	NOUN
ajeer-262	440	14	description	description	NOUN
ajeer-262	440	15	value	value	NOUN
ajeer-262	440	16	β	β	X
ajeer-262	440	17	subjective	subjective	ADJ
ajeer-262	440	18	discount	discount	NOUN
ajeer-262	440	19	factor	factor	NOUN
ajeer-262	440	20	0.98	0.98	NUM
ajeer-262	440	21	central	central	ADJ
ajeer-262	440	22	bank	bank	NOUN
ajeer-262	440	23	weight	weight	NOUN
ajeer-262	440	24	attached	attach	VERB
ajeer-262	440	25	to	to	ADP
ajeer-262	440	26	inflation	inflation	NOUN
ajeer-262	440	27	gap	gap	NOUN
ajeer-262	440	28	1	1	NUM
ajeer-262	440	29	central	central	ADJ
ajeer-262	440	30	bank	bank	NOUN
ajeer-262	440	31	weight	weight	NOUN
ajeer-262	440	32	attached	attach	VERB
ajeer-262	440	33	to	to	AUX
ajeer-262	440	34	output	output	VERB
ajeer-262	440	35	0.11	0.11	NUM
ajeer-262	440	36	i	i	ADP
ajeer-262	440	37	interest	interest	NOUN
ajeer-262	440	38	semi	semi	NOUN
ajeer-262	440	39	-	-	NOUN
ajeer-262	440	40	elasticity	elasticity	ADJ
ajeer-262	440	41	0.0035	0.0035	NUM
ajeer-262	440	42	θ	θ	PROPN
ajeer-262	440	43	calvo	calvo	NOUN
ajeer-262	440	44	price	price	NOUN
ajeer-262	440	45	rigidity	rigidity	NOUN
ajeer-262	440	46	0.75	0.75	NUM
ajeer-262	440	47	money	money	NOUN
ajeer-262	440	48	growth	growth	NOUN
ajeer-262	440	49	rate	rate	NOUN
ajeer-262	440	50	smoothening	smoothening	NOUN
ajeer-262	440	51	/	/	SYM
ajeer-262	440	52	persistence	persistence	NOUN
ajeer-262	440	53	0.8	0.8	NUM
ajeer-262	440	54	ar	ar	NOUN
ajeer-262	440	55	coefficient	coefficient	NOUN
ajeer-262	440	56	for	for	ADP
ajeer-262	440	57	each	each	DET
ajeer-262	440	58	exogenous	exogenous	ADJ
ajeer-262	440	59	process	process	NOUN
ajeer-262	440	60	0.8	0.8	NUM
ajeer-262	440	61	1	1	NUM
ajeer-262	440	62	/	/	SYM
ajeer-262	440	63	σ	σ	NOUN
ajeer-262	440	64	inverse	inverse	NOUN
ajeer-262	440	65	elasticity	elasticity	NOUN
ajeer-262	440	66	of	of	ADP
ajeer-262	440	67	inter	inter	ADJ
ajeer-262	440	68	-	-	ADJ
ajeer-262	440	69	temporal	temporal	ADJ
ajeer-262	440	70	substitution	substitution	NOUN
ajeer-262	440	71	1/3	1/3	NUM
ajeer-262	440	72	φ	φ	PROPN
ajeer-262	440	73	inverse	inverse	NOUN
ajeer-262	440	74	elasticity	elasticity	NOUN
ajeer-262	440	75	of	of	ADP
ajeer-262	440	76	labor	labor	NOUN
ajeer-262	440	77	supply	supply	NOUN
ajeer-262	440	78	4	4	NUM
ajeer-262	440	79	v	v	NOUN
ajeer-262	440	80	elasticity	elasticity	NOUN
ajeer-262	440	81	of	of	ADP
ajeer-262	440	82	external	external	ADJ
ajeer-262	440	83	premium	premium	NOUN
ajeer-262	440	84	with	with	ADP
ajeer-262	440	85	respect	respect	NOUN
ajeer-262	440	86	to	to	ADP
ajeer-262	440	87	leverage	leverage	NOUN
ajeer-262	440	88	0.041	0.041	NUM
ajeer-262	440	89	,	,	PUNCT
ajeer-262	440	90	q	q	X
ajeer-262	440	91	ik	ik	ADJ
ajeer-262	440	92	sensitivity	sensitivity	NOUN
ajeer-262	440	93	of	of	ADP
ajeer-262	440	94	price	price	NOUN
ajeer-262	440	95	of	of	ADP
ajeer-262	440	96	capital	capital	NOUN
ajeer-262	440	97	to	to	ADP
ajeer-262	440	98	the	the	DET
ajeer-262	440	99	investment	investment	NOUN
ajeer-262	440	100	-	-	PUNCT
ajeer-262	440	101	capital	capital	NOUN
ajeer-262	440	102	ratio	ratio	NOUN
ajeer-262	440	103	0.5	0.5	NUM
ajeer-262	440	104	δ	δ	PROPN
ajeer-262	440	105	capital	capital	NOUN
ajeer-262	440	106	depreciation	depreciation	NOUN
ajeer-262	440	107	rate	rate	NOUN
ajeer-262	440	108	0.025	0.025	NUM
ajeer-262	440	109	steady	steady	ADJ
ajeer-262	440	110	state	state	NOUN
ajeer-262	440	111	gross	gross	ADJ
ajeer-262	440	112	return	return	NOUN
ajeer-262	440	113	on	on	ADP
ajeer-262	440	114	entrepreneurial	entrepreneurial	ADJ
ajeer-262	440	115	project	project	NOUN
ajeer-262	440	116	1.0157	1.0157	NUM
ajeer-262	440	117	steady	steady	ADJ
ajeer-262	440	118	state	state	NOUN
ajeer-262	440	119	cost	cost	NOUN
ajeer-262	440	120	of	of	ADP
ajeer-262	440	121	raising	raise	VERB
ajeer-262	440	122	funds	fund	NOUN
ajeer-262	440	123	by	by	ADP
ajeer-262	440	124	lender	lender	NOUN
ajeer-262	440	125	1.0107	1.0107	NUM
ajeer-262	440	126	r	r	NOUN
ajeer-262	440	127	steady	steady	ADJ
ajeer-262	440	128	state	state	NOUN
ajeer-262	440	129	deposit	deposit	NOUN
ajeer-262	440	130	/	/	SYM
ajeer-262	440	131	riskless	riskless	NOUN
ajeer-262	440	132	rate	rate	NOUN
ajeer-262	440	133	1.01	1.01	NUM
ajeer-262	440	134	k	k	NOUN
ajeer-262	440	135	/	/	SYM
ajeer-262	440	136	n	n	CCONJ
ajeer-262	440	137	steady	steady	ADJ
ajeer-262	440	138	state	state	NOUN
ajeer-262	440	139	leverage	leverage	NOUN
ajeer-262	440	140	ratio	ratio	NOUN
ajeer-262	440	141	1.932	1.932	NUM
ajeer-262	440	142	y	y	NOUN
ajeer-262	440	143	/	/	SYM
ajeer-262	440	144	n	n	CCONJ
ajeer-262	440	145	steady	steady	ADJ
ajeer-262	440	146	state	state	NOUN
ajeer-262	440	147	output	output	NOUN
ajeer-262	440	148	net	net	NOUN
ajeer-262	440	149	worth	worth	ADJ
ajeer-262	440	150	ratio	ratio	NOUN
ajeer-262	440	151	0.2383	0.2383	NUM
ajeer-262	440	152	mp_k	mp_k	NUM
ajeer-262	440	153	steady	steady	ADJ
ajeer-262	440	154	state	state	NOUN
ajeer-262	440	155	marginal	marginal	ADJ
ajeer-262	440	156	product	product	NOUN
ajeer-262	440	157	of	of	ADP
ajeer-262	440	158	capital	capital	NOUN
ajeer-262	440	159	0.0407	0.0407	NUM
ajeer-262	440	160	del_k	del_k	ADJ
ajeer-262	440	161	exogenous	exogenous	ADJ
ajeer-262	440	162	capital	capital	NOUN
ajeer-262	440	163	requirement	requirement	NOUN
ajeer-262	440	164	ratio	ratio	NOUN
ajeer-262	440	165	0.12	0.12	NUM
ajeer-262	440	166	c	c	NOUN
ajeer-262	440	167	/	/	SYM
ajeer-262	440	168	d	d	PROPN
ajeer-262	440	169	steady	steady	ADJ
ajeer-262	440	170	state	state	NOUN
ajeer-262	440	171	consumption	consumption	NOUN
ajeer-262	440	172	-	-	PUNCT
ajeer-262	440	173	deposit	deposit	NOUN
ajeer-262	440	174	ratio	ratio	NOUN
ajeer-262	440	175	0.22	0.22	NUM
ajeer-262	440	176			NUM
ajeer-262	440	177	capital	capital	NOUN
ajeer-262	440	178	share	share	NOUN
ajeer-262	440	179	in	in	ADP
ajeer-262	440	180	production	production	NOUN
ajeer-262	440	181	0.3	0.3	NUM
ajeer-262	440	182	(	(	PUNCT
ajeer-262	440	183	1	1	NUM
ajeer-262	440	184	)	)	PUNCT
ajeer-262	440	185			NUM
ajeer-262	440	186			PROPN
ajeer-262	440	187	fraction	fraction	NOUN
ajeer-262	440	188	of	of	ADP
ajeer-262	440	189	labor	labor	NOUN
ajeer-262	440	190	supplied	supply	VERB
ajeer-262	440	191	by	by	ADP
ajeer-262	440	192	households	household	NOUN
ajeer-262	440	193	0.693	0.693	NUM
ajeer-262	440	194	(	(	PUNCT
ajeer-262	440	195	1	1	NUM
ajeer-262	440	196	)	)	PUNCT
ajeer-262	440	197	(	(	PUNCT
ajeer-262	440	198	1	1	X
ajeer-262	440	199	)	)	PUNCT
ajeer-262	440	200			X
ajeer-262	441	1			AUX
ajeer-262	441	2	fraction	fraction	NOUN
ajeer-262	441	3	of	of	ADP
ajeer-262	441	4	labor	labor	NOUN
ajeer-262	441	5	supplied	supply	VERB
ajeer-262	441	6	by	by	ADP
ajeer-262	441	7	entrepreneurs	entrepreneur	NOUN
ajeer-262	441	8	0.007	0.007	NUM
ajeer-262	441	9	mc	mc	PROPN
ajeer-262	441	10	steady	steady	ADJ
ajeer-262	441	11	state	state	NOUN
ajeer-262	441	12	gross	gross	ADJ
ajeer-262	441	13	cost	cost	NOUN
ajeer-262	441	14	mark	mark	NOUN
ajeer-262	441	15	up	up	ADV
ajeer-262	441	16	1.1	1.1	NUM
ajeer-262	441	17	μ	μ	NOUN
ajeer-262	441	18	loan	loan	NOUN
ajeer-262	441	19	monitoring	monitoring	NOUN
ajeer-262	441	20	cost	cost	VERB
ajeer-262	441	21	0.12	0.12	NUM
ajeer-262	441	22	γ	γ	PROPN
ajeer-262	441	23	business	business	NOUN
ajeer-262	441	24	survival	survival	NOUN
ajeer-262	441	25	rate	rate	NOUN
ajeer-262	441	26	0.97	0.97	NUM
ajeer-262	441	27			PROPN
ajeer-262	441	28	steady	steady	ADJ
ajeer-262	441	29	state	state	NOUN
ajeer-262	441	30	profit	profit	NOUN
ajeer-262	441	31	division	division	NOUN
ajeer-262	441	32	parameter	parameter	NOUN
ajeer-262	441	33	0.4805	0.4805	NUM
ajeer-262	441	34	(	(	PUNCT
ajeer-262	441	35	)	)	PUNCT
ajeer-262	441	36	f	f	PROPN
ajeer-262	441	37			PRON
ajeer-262	441	38	quarterly	quarterly	ADJ
ajeer-262	441	39	business	business	NOUN
ajeer-262	441	40	bankruptcy	bankruptcy	NOUN
ajeer-262	441	41	rate	rate	NOUN
ajeer-262	441	42	0.0075	0.0075	NUM
ajeer-262	442	1	i	i	PRON
ajeer-262	442	2	/	/	SYM
ajeer-262	442	3	y	y	PROPN
ajeer-262	442	4	steady	steady	ADJ
ajeer-262	442	5	state	state	NOUN
ajeer-262	442	6	ratio	ratio	NOUN
ajeer-262	442	7	of	of	ADP
ajeer-262	442	8	investment	investment	NOUN
ajeer-262	442	9	to	to	ADP
ajeer-262	442	10	gdp	gdp	NOUN
ajeer-262	442	11	0.18	0.18	NUM
ajeer-262	442	12	c	c	PROPN
ajeer-262	442	13	/	/	SYM
ajeer-262	442	14	y	y	PROPN
ajeer-262	442	15	steady	steady	ADJ
ajeer-262	442	16	state	state	NOUN
ajeer-262	442	17	ratio	ratio	NOUN
ajeer-262	442	18	of	of	ADP
ajeer-262	442	19	consumption	consumption	NOUN
ajeer-262	442	20	to	to	ADP
ajeer-262	442	21	gdp	gdp	NOUN
ajeer-262	442	22	0.60	0.60	NUM
ajeer-262	442	23	g	g	NOUN
ajeer-262	442	24	/	/	SYM
ajeer-262	442	25	y	y	PROPN
ajeer-262	442	26	steady	steady	ADJ
ajeer-262	442	27	state	state	NOUN
ajeer-262	442	28	ratio	ratio	NOUN
ajeer-262	442	29	of	of	ADP
ajeer-262	442	30	public	public	ADJ
ajeer-262	442	31	spending	spending	NOUN
ajeer-262	442	32	to	to	ADP
ajeer-262	442	33	gdp	gdp	NOUN
ajeer-262	442	34	0.22	0.22	NUM
ajeer-262	442	35	asian	asian	ADJ
ajeer-262	442	36	online	online	ADJ
ajeer-262	442	37	journal	journal	PROPN
ajeer-262	442	38	publishing	publishing	NOUN
ajeer-262	442	39	group	group	NOUN
ajeer-262	442	40	is	be	AUX
ajeer-262	442	41	not	not	PART
ajeer-262	442	42	responsible	responsible	ADJ
ajeer-262	442	43	or	or	CCONJ
ajeer-262	442	44	answerable	answerable	ADJ
ajeer-262	442	45	for	for	ADP
ajeer-262	442	46	any	any	DET
ajeer-262	442	47	loss	loss	NOUN
ajeer-262	442	48	,	,	PUNCT
ajeer-262	442	49	damage	damage	NOUN
ajeer-262	442	50	or	or	CCONJ
ajeer-262	442	51	liability	liability	NOUN
ajeer-262	442	52	,	,	PUNCT
ajeer-262	442	53	etc	etc	X
ajeer-262	442	54	.	.	X
ajeer-262	442	55	caused	cause	VERB
ajeer-262	442	56	in	in	ADP
ajeer-262	442	57	relation	relation	NOUN
ajeer-262	442	58	to	to	PART
ajeer-262	442	59	/	/	PUNCT
ajeer-262	442	60	arising	arise	VERB
ajeer-262	442	61	out	out	ADP
ajeer-262	442	62	of	of	ADP
ajeer-262	442	63	the	the	DET
ajeer-262	442	64	use	use	NOUN
ajeer-262	442	65	of	of	ADP
ajeer-262	442	66	the	the	DET
ajeer-262	442	67	content	content	NOUN
ajeer-262	442	68	.	.	PUNCT
ajeer-262	443	1	any	any	DET
ajeer-262	443	2	queries	query	NOUN
ajeer-262	443	3	should	should	AUX
ajeer-262	443	4	be	be	AUX
ajeer-262	443	5	directed	direct	VERB
ajeer-262	443	6	to	to	ADP
ajeer-262	443	7	the	the	DET
ajeer-262	443	8	corresponding	corresponding	ADJ
ajeer-262	443	9	author	author	NOUN
ajeer-262	443	10	of	of	ADP
ajeer-262	443	11	the	the	DET
ajeer-262	443	12	article	article	NOUN
ajeer-262	443	13	.	.	PUNCT