Managing Markets for Toxic Assets
收藏NBER2010-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16145
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资源简介：
We present a model in which banks trade toxic assets to raise funds for investment. The toxic assets generate an adverse selection problem and, as a consequence, the interbank asset market provides insufficient liquidity to finance investment. While the best investments are fully funded, socially
提供机构：
美国国家经济研究局
创建时间：
2010-07-01
