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The paper examines the liquidity risk of a private equity firm that decides to dispose of a large holding in its portfolio. As the sale takes time, it requires a careful balancing act of the exposure to the fluctuations in the market value of the investment against the large sale-induced price...
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Privatization raises problems of equity, can lead to greater inequality and changes in market structure. These issues … are explored across a broad range of countries by contributors who have a wide experience of privatization …
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