Crashes and Recoveries in Illiquid Markets
收藏NBER2008-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14119
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资源简介：
We study the dynamics of liquidity provision by dealers during an asset market crash, described as a temporary negative shock to investors aggregate asset demand. We consider a class of dynamic market settings where dealers can trade continuously with each other, while trading between dealers and
提供机构：
美国国家经济研究局
创建时间：
2008-06-01
