Santa Cruz, CA 95064
United States
Stanford, CA 94305
UC Santa Cruz
Stanford University
securitization, originate-to-distribute, safety demand, diversification, moral hazard
Financial Frictions, Financial Markets and the Macroeconomy, Financial Crises, Balance Sheet Channel
ovid-19, cash shortfall, firms' debt, moral hazard, bank equity, aggregate risk, government interventions
macroprudential policy, interbank market, liquidity panics
capital structure, risk-taking, originate-to-distribute, diversification, spreads, saving glut
balance sheet channel, financial crises, financial frictions, financial markets and the macroeconomy
This is a CEPR Discussion Paper. CEPR charges a fee of $8.00 for this paper.
If you wish to purchase the right to make copies of this paper for distribution to others, please select the quantity.
COVID-19, Financial Intermediation, firm's leverage, Government interventions, liquidity
Diversification, moral hazard, Originate-to-distribute, Safety demand, Securitization
Optimal Contract, Uncertainty shocks, Moral hazard, borrowing constraints
