Journal of Derivatives and Quantitative Studies: 선물연구 , Open Access
Issue(s) available: 76 – From Volume: 10 Issue: 1, to Volume: 32 Issue: 2
Subjects:
Renegotiable debt, liquidity injections and financial instability
Hyun Soo Doh, Guanhao FengThis paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a renegotiation option. In the model, creditors decide when to…
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