A Gap-Filling Theory of Corporate Debt Maturity Choice
收藏NBER2008-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14087
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资源简介：
We argue that time-series variation in the maturity of aggregate corporate debt issues arises because firms behave as macro liquidity providers, absorbing the large supply shocks associated with changes in the maturity structure of government debt. We document that when the government funds itself
提供机构：
美国国家经济研究局
创建时间：
2008-06-01
