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Monitored finance, liquidity, and institutional investment choice

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  • Andrew Winton
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    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.

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    File URL: http://www.clevelandfed.org/research/workpaper/1996/wp9616.pdf
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    Bibliographic Info

    Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9616.

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    Date of creation: 1996
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    Handle: RePEc:fip:fedcwp:9616

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    Keywords: Financial institutions ; Liquidity (Economics);

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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