Implicit Guarantees and Risk Taking: Evidence from Money Market Funds
收藏NBER2011-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17321
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资源简介：
A firm's termination generates bankruptcy costs. This may create incentives for a firm's owner to bail out a firm in bankruptcy and to curb the firm's risk taking outside bankruptcy. We analyze the role of such implicit guarantees in the context of financial institutions that sponsor money market
提供机构：
美国国家经济研究局
创建时间：
2011-08-01
