Adrian, Tobias (contributor); Shin, Hyun Song (contributor) - 2008
the de-leveraging, and these are the institutions that suffer a liquidity
crisis. Arguably, Bear Stearns was precisely such … be embedded in a system context to examine
liquidity crises.
In a world where the Modigliani and Miller (MM) theorems … addresses this
need.
Our paper complements the recent literature on funding liquidity and asset
pricing, and the role that …