Abidi, Nordine; Miquel-Flores, Ixart - 2022
choices during times of financial distress. We find evidence of a sharp relative increase in portfolio holdings of BigTech … securities during times of market turbulence suggesting that BigTech bonds act as safe assets. Overall, while the magnitudes of … our estimates remain small from a macroeconomic perspective, we find that BigTech companies are slowly converging towards …