Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10001661799
Persistent link: https://www.econbiz.de/10001611332
Persistent link: https://www.econbiz.de/10001572460
Persistent link: https://www.econbiz.de/10001572463
Persistent link: https://www.econbiz.de/10001572658
rates, bond risks, and liquidity explain the trends before 2008 and the unusual developments in the fall of 2008. Low …
Persistent link: https://www.econbiz.de/10004999551
, then the economy will fall into a liquidity trap today. …
Persistent link: https://www.econbiz.de/10005762579
The possibility of default limits available liquidity. If the potential default draws nearer, a liquidity crisis may … endogenous contracts, including endogenous margin requirements on loans. This in turn allows GE to explain liquidity and … liquidity crises in equilibrium. A formal definition of liquidity is presented. When new information raises the probability and …
Persistent link: https://www.econbiz.de/10005593327
There has been a widespread perception in the past few years that long-term asset prices are generally high because monetary authorities have effectively kept long-term interest rates, which the market uses to discount cash flows, low. This perception is not accurate. Long-term interest rates...
Persistent link: https://www.econbiz.de/10005593652
run are generated. A "liquidity black hole" is the analogue of the run outcome in a bank run model. Short horizon traders … liquidity black hole comes into existence. Empirical implications include the sharp V-shaped pattern in prices around the time … of the liquidity black hole. …
Persistent link: https://www.econbiz.de/10005463975