International Finance Discussion Papers: The Fragility of Discretionary Liquidity Provision Lessons from the Collapse of the Auction Rate Securities M by Dan Li, Song Han

International Finance Discussion Papers: The Fragility of Discretionary Liquidity Provision Lessons from the Collapse of the Auction Rate Securities M

Dan Li, Song Han

60 pages paperback

15 editions

nonfiction politics
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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 con...

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