Hedge Funds as Liquidity Providers: Evidence from the Lehman Bankruptcy
收藏NBER2009-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15336
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资源简介：
Using the September 15, 2008 bankruptcy of Lehman Brothers as an exogenous shock to funding costs, we show that hedge funds act as liquidity providers. Hedge funds using Lehman as prime broker could not trade after the bankruptcy, and these funds failed twice as often as otherwise-similar funds
提供机构：
美国国家经济研究局
创建时间：
2009-09-01
