Dealer Inventory Constraints during the COVID-19 Pandemic: Evidence from the Treasury Market and Broader Implications
Jonathan Goldberg
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Jonathan Goldberg: https://www.federalreserve.gov/econres/jonathan-goldberg.htm
No 2020-07-17, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
Abstract:
Strains in the Treasury market in March indicated a decline in broker-dealer inventory capacity, which has historically predicted persistent reductions in market liquidity across asset classes, the availability of financing for non-financial firms, and real activity.
Date: 2020-07-17
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-07-17
DOI: 10.17016/2380-7172.2581
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