Open AccessLiquidity, Pledgeability, and the Nature of Lending
Author(s) -
Douglas W. Diamond,
Yunzhi Hu,
Raghuram G. Rajan
Publication year - 2021
Language(s) - English
Resource type - Reports
DOI - 10.3386/w28377
Subject(s) - market liquidity , business , corporate governance , intermediation , lender of last resort , liquidity crisis , financial intermediary , financial system , monetary economics , economics , finance , central bank , monetary policy