On strategic default and liquidity risk
Research
English
OPEN
Tambakis, Demosthenes N
(2002)
- Publisher: CFAP, Cambridge Judge Business School, University of Cambridge
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Subject:
strategic default | liquidity risk | project finance | financial regulation | cyclicality
How does the uncertain provision of external finance affect investment projects' default probability and liquidity risk? In this paper, I study the strategic interaction between many creditors and a single borrower in the context of a two-period investment project requ...
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