Financial Market Runs
收藏NBER2002-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9251
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资源简介：
Our paper offers a minimalist model of a run on a financial market. The prime ingredient is that each risk-neutral investor fears having to liquidate after a run, but before prices can recover back to fundamental values. During the urn, only the risk-averse market-making sector is willing to absorb
提供机构：
美国国家经济研究局
创建时间：
2002-10-01
