A clear-cut empirical implication of the inventory model is that in setting their prices dealers take their inventory levels into account. More precisely, when their holding of a risky asset increases, they offer liquidity at better prices so as to induce their customers to buy. The opposite applies when their inventory decreases. There is a [...]
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Searching for credit in a library
Most university and college libraries are also open to the public. You may, or may not, be allowed to check out books, but you certainly have the opportunity to look at their collection of books, magazines and journals and glean information from them while you are at the library. University libraries are often the repositories [...]