Bankruptcy Exemption of Repo Markets: Too Much Today for Too Little Tomorrow?
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We examine the desirability of granting safe harbor provisions to creditors of financial intermediaries in sale-and-repurchase (repo) contracts. Exemption from an automatic stay in bankruptcy enables financial intermediaries to raise greater liquidity and induces entry of intermediaries with higher
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美国国家经济研究局创建时间：
2024-01-01
