Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis

We examine the microstructure of liquidity provision in the COVID-19 corporate bond liquidity crisis. During the two weeks leading up to Federal Reserve System interventions, volume shifted to liquid securities, transaction costs soared, trade-size pricing inverted, and dealers, particularly non-pri...

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Detalles Bibliográficos
Autores principales: O'Hara, Maureen, Zhou, Xing (Alex)
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9759631/
https://www.ncbi.nlm.nih.gov/pubmed/36568646
http://dx.doi.org/10.1016/j.jfineco.2021.05.052

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9759631/
https://www.ncbi.nlm.nih.gov/pubmed/36568646
http://dx.doi.org/10.1016/j.jfineco.2021.05.052

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