| dc.contributor.advisor | Adrien Verdelhan. | en_US |
| dc.contributor.author | Sastry, Parinitha(Parinitha R.) | en_US |
| dc.contributor.other | Sloan School of Management. | en_US |
| dc.date.accessioned | 2020-09-03T16:45:24Z | |
| dc.date.available | 2020-09-03T16:45:24Z | |
| dc.date.copyright | 2020 | en_US |
| dc.date.issued | 2020 | en_US |
| dc.identifier.uri | https://hdl.handle.net/1721.1/126960 | |
| dc.description | Thesis: S.M. in Management Research, Massachusetts Institute of Technology, Sloan School of Management, May, 2020 | en_US |
| dc.description | Cataloged from the official PDF of thesis. | en_US |
| dc.description | Includes bibliographical references (pages 21-22). | en_US |
| dc.description.abstract | This paper proposes a simple structural model to study substitution patterns within the class of safe and liquid assets at the extreme short-end of the yield curve (maturity <1YR). I estimate the demand system by exploiting plausibly exogenous variation in safe asset issuance due to regulatory requirements (''window dressing"). Under this identifying assumption, month-end dummies can be considered supply shocks and can be used to instrument quantities. 2SLS estimates suggest nearly perfect substitutability between treasury securities and financial commercial paper. | en_US |
| dc.description.statementofresponsibility | by Parinitha Sastry. | en_US |
| dc.format.extent | 29 pages | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Massachusetts Institute of Technology | en_US |
| dc.rights | MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided. | en_US |
| dc.rights.uri | http://dspace.mit.edu/handle/1721.1/7582 | en_US |
| dc.subject | Sloan School of Management. | en_US |
| dc.title | Estimating demand for liquid assets | en_US |
| dc.type | Thesis | en_US |
| dc.description.degree | S.M. in Management Research | en_US |
| dc.contributor.department | Sloan School of Management | en_US |
| dc.identifier.oclc | 1191221345 | en_US |
| dc.description.collection | S.M.inManagementResearch Massachusetts Institute of Technology, Sloan School of Management | en_US |
| dspace.imported | 2020-09-03T16:45:22Z | en_US |
| mit.thesis.degree | Master | en_US |
| mit.thesis.department | Sloan | en_US |
