When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009
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Commercial paper is one of the largest money market instruments and has long been viewed as a safe haven for investors seeking low risk. However, during the financial crisis of 2007-2009, the commercial paper market experienced twice the modern-day equivalent of a bank run with investors unwilling
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美国国家经济研究局创建时间：
2009-11-01
