Fire Sales in a Model of Complexity
收藏数据链接：
官方服务：
资源简介：
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
提供机构：
美国国家经济研究局创建时间：
2009-11-01
