Fire sales in a model of complexity /
Financial assets provide return and liquidity services to their holders. However, during severe financial crises many asset prices plummet, destroying their liquidity provision function at the worst possible time. In this paper we present a model of fire sales and market breakdowns, and of the finan...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass. :
National Bureau of Economic Research,
c2009
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 15479 |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
H11.N27534 no.15479 |
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