The real puzzle is how fis such as depository institutions can offer highly liquid and low price - risk contracts to savers on the liability side of their balance sheets while investing in relatively illiquid and higher price - risk securities issued by corporations on the asset side 真正不好理解的是在投資于由房地產(chǎn)公司發(fā)行的相對流通性不高價格風(fēng)險又很高的債券時,像金融中間人這樣的存款機構(gòu)在背負償還負債的義務(wù)下是怎樣向儲戶提供高流通性低價格風(fēng)險的合同的呢?