M O'Hara, XA Zhou - Journal of Financial Economics, 2021 - Elsevier

Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis.

O'Hara, Zhou

GSID: 8HoYs7z0KPkJ

Abstract

We examine the microstructure of liquidity provision in the COVID-19 corporate bond liquidity crisis. During the two weeks leading up to Federal Reserve System interventions …