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undermining the financial success of English Football clubs. Such premises place the economics of football above the socio … trajectories show football profits are deteriorating from season to season despite club revenue increases …
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This paper presents a model of an over-the-counter bond market in which bond dealers and cash investors arrange repurchase agreements (repos) endogenously. If cash investors buy bonds to store their cash, then they suffer an endogenous bond-liquidation cost because they must sell their bonds...
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