Endogenous Liquidity and Defaultable Bonds

DOI10.3982/ECTA11039zbMath1419.91641OpenAlexW3121630456MaRDI QIDQ4615884

ZhiGuo He, Konstantin Milbradt

Publication date: 29 January 2019

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta11039

zbMATH Keywords

positive feedbackliquiditybid-ask spreadover-the-counter marketsecondary bond marketstructural models for credit risktransaction cost for corporate bonds

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Credit risk (91G40)

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