Flight-to-Quality or Flight-to-Liquidity? Evidence From the Euro-Area Bond Market
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下载链接：
https://www.nber.org/papers/w12376
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资源简介：
Do bond investors demand credit quality or liquidity? The answer is both, but at different times and for different reasons. Using data on the Euro-area government bond market, which features a unique negative correlation between credit quality and liquidity across countries, we show that the bulk of
提供机构：
美国国家经济研究局
创建时间：
2006-07-01
