Shadow Funding Costs: Measuring the Cost of Balance Sheet Constraints
收藏NBER2018-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24224
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资源简介：
Recent theory suggests that balance sheet frictions and constraints faced by financial intermediaries can have major asset pricing implications. We propose a new measure of the impact of these constraints on intermediary funding costs that is based on the implied cost of renting intermediary balance
提供机构：
美国国家经济研究局
创建时间：
2018-01-01
