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Corporate Bond Liquidity during the COVID-19 Crisis

We study liquidity conditions in the corporate bond market during the COVID-19 pandemic. We document that the cost of trading immediately via risky-principal trades dramatically increased at the height of the sell-off, forcing customers to shift toward slower agency trades. Exploiting eligibility re...

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Detalles Bibliográficos
Publicado en:Rev Financ Stud
Main Authors: Kargar, Mahyar, Lester, Benjamin, Lindsay, David, Liu, Shuo, Weill, Pierre-Olivier, Zúñiga, Diego
Formato: Artigo
Idioma:Inglês
Publicado: Oxford University Press 2021
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Acceso en liña:https://ncbi.nlm.nih.gov/pmc/articles/PMC8241420/
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1093/rfs/hhab063
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