Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon

The market for U.S. government debt (Treasuries) forms the bedrock of the global financial system. The ability of investors to sell Treasuries quickly, cheaply, and at scale has led to an assumption, in many places enshrined in law, that Treasuries are nearly equivalent to cash. Yet in recent years...

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Veröffentlicht in:	Columbia business law review 2023-08, Vol.2023 (1)
Hauptverfasser:	Menand, Lev, Younger, Joshua
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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