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Sundaresan et al., 2009 - Google Patents

Y2K options and the liquidity premium in Treasury markets

Sundaresan et al., 2009

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Document ID
4464556603138345133
Author
Sundaresan S
Wang Z
Publication year
Publication venue
The Review of Financial Studies

External Links

Snippet

Financial institutions around the world expected the millennium date change (Y2K) to cause an aggregate liquidity shortage. Responding to the concern, the Federal Reserve Bank of New York auctioned Y2K options to primary dealers. The options gave the dealers the right …
Continue reading at scholar.archive.org (PDF) (other versions)

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