Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis
收藏NBER2022-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30216
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资源简介：
We develop a theory of information spillovers in sovereign bond markets in which investors can acquire information about default risk before trading in primary and secondary markets. If primary markets are structured as multi-unit discriminatory-price auctions, an endogenous winners curse leads to
提供机构：
美国国家经济研究局
创建时间：
2022-07-01
