Insolvency or Liquidity Squeeze? Explaining Very Short-Term Corporate Yield Spreads
Preprint
- 1 January 2003
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
In this paper, we first document some stylized facts about very short-term and long-term corporate yield spreads. We find that short-term spreads are sizable, aKeywords
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