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  • INSTITUTIONAL FOUNDATIONS OF IMPERSONAL EXCHANGE
    ebook
    INSTITUTIONAL FOUNDATIONS OF IMPERSONAL EXCHANGE
    BENITO ARRUÑADA
    Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper when entrepreneurs can transform their firms into legal entities and thus contract mor...

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