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pro vyhledávání: '"Efraim Benmelech"'
Autor:
Nittai K. Bergman, Efraim Benmelech
Publikováno v:
NBER Macroeconomics Annual. 32:493-526
Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008–2009, the structur...
Publikováno v:
The Quarterly Journal of Economics. 132:317-365
Illiquidity in short-term credit markets during the financial crisis might have severely curtailed the supply of nonbank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transac
Autor:
Efraim Benmelech, Nittai K. Bergman
We analyze the empirical determinants of liquidity in debt markets in light of predictions stemming from debt-based information theories. We conduct a battery of tests confirming predictions of asymmetric information models of bond liquidity, includi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::10447753c2a8b08499636d7b10dda9a2
https://doi.org/10.3386/w25054
https://doi.org/10.3386/w25054
Autor:
Efraim Benmelech, Nittai K. Bergman
Publikováno v:
SSRN Electronic Journal.
Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008-09, the structured credit market froze, issuance of corporate bonds dec
Publikováno v:
SSRN Electronic Journal.
This paper shows that illiquidity in short-term credit markets during the financial crisis may have sharply curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier invo
Autor:
Efraim Benmelech
The U.S. Federal Reserve used the Term Auction Facility (TAF) to provide term funding to eligible depository institutions from December 2007 to March 2010. According to the Fed, the purpose of TAF was to inject term funds through a broader range of c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fb2dc9be174acb244a48d11469ea9df8
https://doi.org/10.3386/w18304
https://doi.org/10.3386/w18304