Showing 1 - 10 of 663,021
Persistent link: https://www.econbiz.de/10003916627
Persistent link: https://www.econbiz.de/10000985364
Persistent link: https://www.econbiz.de/10013253829
Persistent link: https://www.econbiz.de/10001715710
Persistent link: https://www.econbiz.de/10010497026
This paper studies an equilibrium model with heterogeneous agents, asset price bubbles, and trading constraints. Market … liquidity is modeled as a stochastic quantity impact from trading on the price. Bubbles are larger in liquid markets and when …
Persistent link: https://www.econbiz.de/10012899970
Persistent link: https://www.econbiz.de/10012433630
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
Persistent link: https://www.econbiz.de/10012132351
Persistent link: https://www.econbiz.de/10001692173