Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees
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下载链接：
https://www.nber.org/papers/w17149
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资源简介：
Investors in option markets price in a substantial collective government bailout guarantee in the financial sector, which puts a floor on the equity value of the financial sector as a whole, but not on the value of the individual firms. The guarantee makes put options on the financial sector index
提供机构：
美国国家经济研究局
创建时间：
2011-06-01
