Fire Sales And The Financial Accelerator David Cook
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| Published | 2005 |
|---|---|
| Authors | David Cook |
| Woon Gyu Choi | |
| Media actions | www.worldcat.org |
| Date of Reg. | |
| Date of Upd. | |
| ID | 4034979 |
About Fire Sales And The Financial Accelerator David Cook
During periods of financial turmoil, increases in risk lead to higher default, foreclosure, and fire sales. This paper introduces a costly liquidation process for foreclosed collateral and endogenous recovery rates in a dynamic stochastic general equilibrium model of the financial accelerator. ...