Distress selling and asset market feedback /
by Ilhyock Shim and Goetz von Peter.

Description

Main Author

Shim, Ilhyock.

Related Names

Von Peter, Goetz.
Bank for International Settlements. Monetary and Economic Dept.

Language(s)

English

Published

Basel, Switzerland : Bank for International Settlements, [2007]

Subjects

Capital assets pricing model.
Prices > Prices / Econometric models.

Summary

This paper examines the process of distress selling and asset market feedback. It splits this process into several stages, in order to analyse what triggers distress selling, why asset prices fall, and how falling prices generate additional rounds of selling. This framework enables us to understand and compare models relevant to distress selling from diverse literatures. The paper also considers what policy options are available at each stage to mitigate the adverse economic consequences of distress selling and asset market feedback.

Note

"June 2007."
"Monetary and Economic Department."
Also available on the World Wide Web.

Physical Description

49 p. : ill. ; 30 cm.

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