A market-based solution for fire sales and other pecuniary externalities
Year of publication: |
2021
|
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Authors: | Kilenthong, Weerachart T. ; Townsend, Robert M. |
Published in: |
Journal of political economy. - Chicago, Ill. : Univ. of Chicago Press, ISSN 1537-534X, ZDB-ID 2010434-0. - Vol. 129.2021, 4, p. 981-1010
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Subject: | Finanzkrise | Financial crisis | Finanzmarkt | Financial market | Mechanismus-Design-Theorie | Mechanism design | Kreditsicherung | Collateral | Asset-Backed Securities | Asset-backed securities | Spotmarkt | Spot market | Externer Effekt | Externalities | Allgemeines Gleichgewicht | General equilibrium | Theorie | Theory |
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