A Market Based Solution for Fire Sales and Other Pecuniary Externalities

"A Market Based Solution for Fire Sales and Other Pecuniary Externalities" Weerachart T. Kilenthong and Robert M. Townsend. Working Paper, 2020; also NBER Working Paper No. 22056, 2016. Abstract PDF Online Appendix

Year: 
2020

Country: 

  • Global

Topic: 

  • Financial Markets & the Macroeconomy
  • General Equilibrium Framework

Method: 

  • Theoretical