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Unformatted text preview: ghuram, 1998, “The Past and Future of Commercial Banking Viewed Through an Incomplete Contract Lens”, Journal of Money, Credit and Banking 30, pp 524‐550. Rajan, Raghuram, 2005, “Has Financial Development Made the World Riskier?” NBER Working Paper 11728 (November). Rajan, Raghuram, 2008a, “Bankers’ Pay is Deeply Flawed”, Financial Times, January 8. Rajan, Raghuram, 2008b, “A View of the Liquidity Crisis”, mimeo, University of Chicago. Santos, Manuel, and Michael Woodford, 1997, “Rational Asset Pricing Bubbles”, Econometrica, 65:19‐
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