Positive Liquidity Spillovers from Sovereign Bond-Backed Securities
نویسندگان
چکیده
منابع مشابه
A Theory of Liquidity Spillovers Between Bond and CDS Markets
During the recent debt crisis in Europe, policy makers responded to the controversy surrounding CDS by implementing a series of policies that banned CDS trading. Sambalaibat (2014) documents that a temporary CDS ban increased bond market liquidity but a permanent ban instead decreased bond market liquidity. To explain these patterns, I build a search-theoretic model of OTC bond and CDS markets ...
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ژورنال
عنوان ژورنال: Journal of Risk and Financial Management
سال: 2019
ISSN: 1911-8074
DOI: 10.3390/jrfm12020058