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Persistent link: https://www.econbiz.de/10008670003
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We study the fragility of discretionary liquidity provision by major financial intermediaries during systemic events. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive dataset constructed from auction reports and intraday...
Persistent link: https://www.econbiz.de/10013038246
We study the fragility of discretionary liquidity provision by major financial intermediaries during systemic events. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive dataset constructed from auction reports and intraday...
Persistent link: https://www.econbiz.de/10014179447
Persistent link: https://www.econbiz.de/10013464332