Regular ArticleGeneral Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies☆,☆☆
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An earlier summarized version of this paper was presented as part of the Plenary Lecture at the 1995 Barcelona Meetings of the Society for Economic Dynamics and Control. Helpful comments from participants in this and other presentations at The Macroeconomic Conference at Liverpool, Oxford University, The University of California at Berkeley, The University of Iowa, The Federal Reserve Bank of Minneapolis/University of Miami Conference, and the Madrid Macro seminar at CEMFI, and particularly from Lars Hansen and John Laitner are gratefully acknowledged. The research assistance of Carlos Perez-Verdia and Edward Seiler, and research support from the National Science Foundation, Grant SBR-9515306, and the National Institute of Child Health and Human Development, Grant 5-R01-HD27638-06, are also gratefully acknowledged. The views expressed here are those of the authors and do not represent The Federal Reserve Bank of Chicago or the Federal Reserve System. The authors assume full responsibility for any errors.
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D. A. Walker