[Other] Market Liquidity, Hedging, and Crashes

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https://www.jstor.org/stable/2006758

Market Liquidity, Hedging, and Crashes
Gerard Gennotte and Hayne Leland

The American Economic Review
Vol. 80, No. 5 (Dec., 1990), pp. 999-1021 (23 pages)
Published By: American Economic Association

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