A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
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https://www.nber.org/papers/w24890
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资源简介:
How does investors' information about a country's fundamentals, and the fact that this information may be asymmetrically held, affect a country's financing cost? Motivated by this question, and by the observation that sovereign bonds are usually auctioned in large lots to a large number of potential
提供机构:
美国国家经济研究局
创建时间:
2018-08-01



