Endogenous Liquidity and Defaultable Bonds
收藏NBER2012-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18408
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资源简介：
This paper studies the interaction between fundamental and liquidity for defaultable corporate bonds that are traded in an over-the-counter secondary market with search frictions. Bargaining with dealers determines a bond's endogenous liquidity, which depends on both the firm fundamental and the
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
