We develop a dynamic general equilibrium model to analyze the optimal quantity of liquid bonds by investigating the …

We develop a dynamic general equilibrium model to analyze the optimal quantity of liquid bonds by investigating the …

firms with higher asset risk, longer maturity bonds, and a higher likelihood of financial distress …

sensitive to cross-country differences in creditor protection and claims enforcement in a court of law. Bidder and target bonds … longer maturity bonds, bonds issued by firms with high asset risk, and bonds issued by firms with a higher likelihood of …

The sovereign's intention to issue inflation-linked bonds (ILB) is to save money. More than 15 years' experience with … this financial instrument in the United States and in several other countries has led to the conclusion that these bonds … are costly and basically characterized by low liquidity issues. Recently, various papers have started to analyze the …

Security indices are central to modern finance. Because corporate bonds trade infrequently – often less than once a … prices and take advantage of it. Our final tests show that they alter the liquidity of their holdings when doing so may help …

banks had a large impact on exposed bonds' liquidity. Moreover, based on these ties, we show that bond mutual fund panic …We explore the ties between bonds and individual dealers formed through home advantage and the persistence of previous …

The purpose of this paper is to determine the factors that shape the liquidity levels of euro area sovereign bonds. The …-sectional regression model. The results revealed that characteristics of sovereign bonds are indeed highly linked with bond liquidity … imposed on dealers were found to be negatively linked with the liquidity level of sovereign bonds. …

In the literature, there is no consensus on a common approach to measure bond liquidity. This paper is the first to … comprehensively compare all commonly employed liquidity measures based on intraday and daily data for the U.S. corporate bond market …