Competing Liquidities: Corporate Securities, Real Bonds and Bubbles
收藏NBER2008-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13955
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资源简介：
We explore the link between liquidity and investment in a an overlapping generation model with a standard asynchronicity between firms' access to and need for cash. Imperfect pledgeability hinders the capacity of capital markets to resolve this asynchronicity, resulting in credit rationing and a net
提供机构：
美国国家经济研究局
创建时间：
2008-04-01
