Crises and Liquidity in Over-the-Counter Markets
收藏NBER2009-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15414
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资源简介：
We study the efficiency of dealers' liquidity provision and the desirability of policy intervention in over-the-counter (OTC) markets during crises. Our theory emphasizes two key frictions in OTC markets: finding counterparties takes time, and trade is bilateral, with quantities and prices
提供机构：
美国国家经济研究局
创建时间：
2009-10-01
