| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089112 | Journal of Banking & Finance | 2013 | 12 Pages |
Abstract
⺠Welfare effects of liquidity uncertainty on equity and deposit contracts examined. ⺠The equity claims' price becomes volatile, offering less risk-sharing opportunities. ⺠Deposit contracts offer liquidity insurance in states that is most valued. ⺠The welfare results depend on the cost from early liquidation.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ioannis Lazopoulos,