Acharya, Viral V. (contributor); Viswanathan, S. (contributor) - 2007
about boundless global
liquidity supporting risky assets, driving risk premiums to virtually nothing, and now everybody is …
talking about a global liquidity crunch, driving risk premiums half the distance to the moon. Tell
me, Mac, where did all the … substitution or risk-shifting
1This literature has recognized that the micro-foundation for funding illiquidity stems from …