Rollover Risk and Market Freezes
收藏NBER2010-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w15674
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资源简介:
The crisis of 2007-09 has been characterized by a sudden freeze in the market for short-term, secured borrowing. We present a model that can explain a sudden collapse in the amount that can be borrowed against finitely-lived assets with little credit risk. The borrowing in this model takes the form
提供机构:
美国国家经济研究局
创建时间:
2010-01-01



