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The cost of capital in markets with opaque intermediaries and the risk-structure of interest rates
Mierzejewski, Fernando
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Volkswirtschaftliche Fakultät, …
-
2008
capital is exchange by a unit of risk, or, in other words, it determines the market price of risk. Episodes of
liquidity
…
crises
are meaningful in this theoretical setting. …
Persistent link: https://www.econbiz.de/10005105710
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