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These shocks strengthen incentives to borrow in good times (i.e. when "good news" about future fundamentals coincide with a low-world-interest-rate regime), thereby increasing vulnerability to crises and enlarging the pecuniary externality due to the collateral constraints.
Gain a pecuniary advantage.
Gain a pecuniary advantage.
These network effects can be disaggregated to pecuniary and non-pecuniary effects.
Others may be lured by pecuniary rewards.
All pecuniary aid will be thankfully received.
But the English legal system has other pecuniary advantages.
These subgroups tend to be least responsive to pecuniary incentives.
On one pecuniary matter, however, Mr. Catsimatidis was quite clear.
Work matters more for psychological reasons than pecuniary ones.
Many taxpayers are motivated by more than just pecuniary concerns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com