Credit Lines as Monitored Liquidity Insurance: Theory and Evidence
NBER Working Paper No. 18892
---- Acknowledgements -----
We are grateful to Igor Cunha and Ping Liu for excellent research assistance and for comments and suggestions from an anonymous referee, Francois DeGeorge (discussant) and seminar participants at the European Finance Association (EFA) Meetings, 2012, the European Central Bank, Universidade Nova de Lisboa, University of Technology Sydney, University of New South Wales, University of Kentucky, Georgia State University, Norwegian School of Economics at Bergen, Universidad Carlos III, and the Boston Federal Reserve Bank. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.