Asymmetric information, adverse selection, and the pricing of CMBS☆

• 1 May 2011
• journal article
• Published by Elsevier in Journal of Financial Economics
• Vol. 100  (2) , 304-325
• https://doi.org/10.1016/j.jfineco.2010.12.002

Abstract

Keywords

• G14
• G12
• D82
• CMBS
• CONDUIT LENDING
• ASYMMETRIC INFORMATION
• LEMONS DISCOUNT