[Note: The version as of May 6, 2021 corrects an error in the calculation of the subsidy, elaborates on the discussion of the method used to calculate the subsidy, updates the empirical results and corrects a few minor typos in the text.]
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Which Trading Assets Drove Too-Big-to-Fail…
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[Note: The version as of May 6, 2021 corrects an error in the calculation of the subsidy, elaborates on the discussion of the method used to calculate the subsidy, updates the empirical results and corrects a few minor typos in the text.]