The Paradox of Liquidity
收藏NBER1995-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5143
下载链接
链接失效反馈官方服务：
资源简介：
The more liquid a company's assets, the greater their value in a short-notice liquidation. Liquid assets are generally viewed as increasing debt capacity, other things being equal. This paper focusses on the dark side of liquidity: greater liquidity reduces the ability of borrowers to commit to a
提供机构：
美国国家经济研究局
创建时间：
1995-06-01
