Bank Debt, Mutual Fund Equity, and Swing Pricing in Liquidity Provision
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下载链接：
https://www.nber.org/papers/w33472
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资源简介：
Liquidity provision is often attributed to debt-issuing intermediaries like banks. We develop a unified theoretical framework and empirically show that mutual funds issuing demandable equity also provide an economically significant amount of liquidity by insuring against idiosyncratic liquidity
提供机构：
美国国家经济研究局
创建时间：
2025-02-01
