Working Paper
Monitored finance, liquidity, and institutional investment choice
Abstract: A presentation of a model predicting that debt or similar claims will dominate the portfolios of institutions that specialize in providing monitored finance. Among these institutions, those with greater liquidity needs should hold fewer monitored equity positions, make less risky loans, and monitor less intensively.
Keywords: Financial institutions; Liquidity (Economics);
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https://doi.org/10.26509/frbc-wp-199616
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1996
Number: 9616