Interdealer Price Dispersion and Intermediary Capacity
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Intermediation capacity varies across dealers, and as a result, misallocation of credit risk reduces the risk-bearing capacity of the dealer sector and increases effective market-level risk aversion. When the efficient reallocation of credit risk within the dealer sector is impaired, interdealer
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美国国家经济研究局创建时间：
2024-09-01
