Debt, Information, and Illiquidity
收藏NBER2018-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25054
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资源简介：
We analyze the empirical determinants of liquidity in debt markets in light of predictions stemming from debt-based information theories. We conduct a battery of tests confirming predictions of asymmetric information models of bond liquidity, including those that predict a``hockey-stick" relation
提供机构：
美国国家经济研究局
创建时间：
2018-09-01
