Crises and liquidity in over-the-counter markets

DOI10.1016/J.JET.2011.10.001zbMath1242.91085OpenAlexW3121562128MaRDI QIDQ654505

Ricardo Lagos, Guillaume Rocheteau, Pierre-Olivier Weill

Publication date: 28 December 2011

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2011.10.001

zbMATH Keywords

bargainingfinancial crisismortgage-backed securitiesasset inventories

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Trade models (91B60) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (15)

Search-based models of money and finance: an integrated approach ⋮ Financial fragility and over-the-counter markets ⋮ Over-the-counter trade and the value of assets as collateral ⋮ On the optimal quantity of liquid bonds ⋮ Flipping in the housing market ⋮ Imperfect knowledge, liquidity and bubbles ⋮ Comments on ``Frictional capital reallocation. I: Ex ante heterogeneity by R. Wright, S. X. Xiao, and Y. Zhu ⋮ Equilibrium theory of stock market crashes ⋮ Dynamic inefficiency in decentralized capital markets ⋮ Credit frictions and participation in over-the-counter markets ⋮ Crises and liquidity in over-the-counter markets ⋮ Liquidity premium in the presence of stock market crises and background risk ⋮ The effect of the central bank's standing facilities on interbank lending and bank liquidity holding ⋮ Intermediation in over-the-counter markets with price transparency ⋮ Over-the-counter versus double auction in asset markets with near-zero-intelligence traders

Cites Work

• Unnamed Item
• Crises and liquidity in over-the-counter markets
• Portfolio choice and pricing in illiquid markets
• Bank Runs, Deposit Insurance, and Liquidity
• Liquidity in Asset Markets With Search Frictions
• Liquidity and Financial Market Runs
• Over-the-Counter Markets
• Leaning Against the Wind

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