The liquidity mechanics of dealer banks in the market-based credit system
Sign Up to like & getrecommendations! Published in 2021 at "Economic Modelling"
DOI: 10.1016/j.econmod.2021.105648
Abstract: Abstract Are US government bonds (Treasuries) as good as cash? Conventional wisdom in academia and industry says that their safety and liquidity make Treasuries a cash-substitute. This paper shows that Treasuries stop being as good… read more here.
Keywords: liquidity; dealer banks; market; liquidity risk ... See more keywords