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Repo Collateral Fire Sales - The Effects of Exemption from Automatic Stay by Federal Reserve Board

Repo Collateral Fire Sales - The Effects of Exemption from Automatic Stay

Federal Reserve Board

48 pages missing pub info (view editions)

nonfiction business economics informative medium-paced
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Description

What are the consequences of a potential fire sale stemming from the exemption of repurchase agreements (repos) from automatic stay? This paper shows that repo's exemption from stay alters firms' financing and investment decisions ex ante. Specifi...

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