NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Competing Liquidities: Corporate Securities, Real Bonds and Bubbles

Emmanuel Farhi, Jean Tirole

NBER Working Paper No. 13955
Issued in April 2008

---- Acknowledgements -----

We thank Pol Antras, Ricardo Caballero, Gita Gopinath and seminar participants at TSE for useful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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