The Complexity of Liquidity: The Extraordinary Case of Sovereign Bonds
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下载链接：
https://www.nber.org/papers/w22576
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资源简介：
It is well-documented that government bonds with almost identical cash flows can trade at different prices. The explanation is that due to higher liquidity the most recently issued bond tends to trade at a premium to previously issued bonds. This paper analyzes the cross-section of bond spreads
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
