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Monitored finance, liquidity, and institutional investment choice

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Author Info
Andrew Winton
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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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);

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  23. O'Hara Maureen, 1993. "Real Bills Revisited: Market Value Accounting and Loan Maturity," Journal of Financial Intermediation, Elsevier, vol. 3(1), pages 51-76, October. [Downloadable!] (restricted)
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