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March 1, 1990The Journal of Finance

Financial Intermediaries and Liquidity Creation

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Authors

GGGary GortonNational Bureau of Economic ResearchGPGeorge PennacchiUniversity of Illinois Urbana-Champaign

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Gorton et al. (1990) studied this question.

synapsesocial.com/papers/69e5b790e3767bdea67f8a44https://doi.org/10.1111/j.1540-6261.1990.tb05080.x
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