Krishnamurthy is with the Kellogg School of Management at Northwestern University and NBER, Nagel is with the Ross School of Business and Department of Economics at University of Michigan, CEPR, and NBER, and Orlov is with Stanford University Graduate School of Business. We thank Peter Crane for providing data, and we are grateful for comments from Anat Admati, Tobias Adrian, Jeremy Bulow, Anna Cieslak, Darrell Duffie, Jacob Goldfield, Michael Fleming, Gary Gorton, Antoine Martin, Atif Mian, David Plecha, Philipp Schnabl, as well as seminar participants at the Bank of Canada, Dartmouth, DePaul, University of Florida, Goethe University Frankfurt, Harvard, Loyola, New York Fed, Northwestern, University of Lugano, University of Minnesota, UNC Chapel Hill, UC San Diego, University of Southern California, Stanford, Wharton, WU Vienna, University of Zurich, the American Economic Association Meetings, the NBER Monetary Economics and Capital Markets and the Economy workshops, the Stanford Institute for Theoretical Economics, and the Western Finance Association Meetings.
Sizing Up Repo
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- Accepted manuscript online: 8 APR 2014 08:52AM EST
- Manuscript Accepted: 25 MAR 2014
- Manuscript Received: 7 FEB 2014
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