haku: @journal_id 789 / yhteensä: 95
viite: 64 / 95
| Tekijä: | Glaeser, E. Kallal, H. |
| Otsikko: | Thin markets, asymmetric information, and mortgage-based securities |
| Lehti: | Journal of Financial Intermediation
1997 : JAN, VOL. 6:1, p. 64-86 |
| Asiasana: | FINANCIAL INTERMEDIARIES MARKETS SECURITIES |
| Kieli: | eng |
| Tiivistelmä: | This paper tries to explain why the issuers of an asset would restrict what information is available about their asset. In a world where knowledge is valued, market forces should induce disclosure, but we often see markets (such as the market for mortgage-backed securities) where assets' issuers refuse to release valuable information. The authors present a model of market liquidity and find that market liquidity can both rise and fall with the quantity of released information. |
SCIMA