The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds

DOI10.3982/ECTA9973zbMath1275.91068OpenAlexW2890714760MaRDI QIDQ2864816

Jakub Kastl, Ali Hortaçsu, Nuno Cassola

Publication date: 26 November 2013

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta9973

zbMATH Keywords

multi-unit auctionsstructural estimationliquidity crisisprimary marketsubprime market

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

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Distinguishing incentive from selection effects in auction-determined contracts ⋮ Information frictions and market power: a laboratory study ⋮ Bidding frictions in ascending auctions

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