Krishenik, Andrey; Minca, Andreea; Wissel, Johannes - In: Finance and Stochastics 19 (2015) 2, pp. 233-259
<Para ID="Par1">This paper explores, in a multiperiod setting, the funding liquidity of a borrower that finances its operations through short-term debt. The short-term debt is provided by a continuum of creditors with heterogeneous beliefs about the prospects of the borrower. In each period, creditors observe...</para>
