Macroeconomic effects of secondary market trading
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- Kurlat, Pablo, 2021. "Investment externalities in models of fire sales," Journal of Monetary Economics, Elsevier, vol. 122(C), pages 102-118.
- Fukui, Masao, 2018. "Asset Quality Cycles," Journal of Monetary Economics, Elsevier, vol. 95(C), pages 97-108.
- Nicolas Caramp, 2021. "Sowing the Seeds of Financial Crises: Endogenous Asset Creation and Adverse Selection," Working Papers 342, University of California, Davis, Department of Economics.
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More about this item
Keywords
credit booms; credit cycles; financial crisis; financial fragility; risk-taking channel of monetary policy; saving gluts; secondary markets; securitization;All these keywords.
JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2017-04-23 (Banking)
- NEP-DGE-2017-04-23 (Dynamic General Equilibrium)
- NEP-MAC-2017-04-23 (Macroeconomics)
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