Crises and liquidity in over-the-counter markets /
We study the efficiency of dealers' liquidity provision and the desirability of policy intervention in over-the-counter (OTC) markets during crises. Our theory emphasizes two key frictions in OTC markets: finding counterparties takes time, and trade is bilateral, with quantities and prices dete...
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| Format: | Book |
| Language: | English |
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Cambridge, Mass. :
National Bureau of Economic Research,
c2009
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 15414 |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
H11.N27534 no.15414 |
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