is the selling due to the funds' liquidity management.Funds holding illiquid assets reacted to redemptions in March 2020 …

-mediation? We propose a measure of bond's mis-allocation among dealers and show its correlation with bond's liquidity risk which is …Which corporate bond's yield is more exposed to search frictions? Is the exposure correlated with dealers' inter … bond and their corresponding inventory positions. Using a transaction-level dataset on U.S. corporate bonds, we verify: a …

We explore the link between liquidity and investment in a an overlapping generation model with a standard … this asynchronicity, resulting in credit rationing and a net demand for stores of value -- liquidity -- by the corporate … sector. At the heart of the model is a distinction between inside liquidity -- liquidity created within the private sector …