The pecking order of segmentation and liquidity-injection policies in a model of contagious crises

The pecking order of segmentation and liquidity-injection policies in a model of contagious crises

We study a two-country setting in which leveraged investors generate fire-sale externalities, leading to financial crises and contagion. Governments can affect the incidence of financial crisis and the degree of contagion by injecting public liquidity and, additionally, by segmenting the countries’...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí:	Guembel, A, Sussman, O
Formáid:	Journal article
Foilsithe / Cruthaithe:	Oxford University Press 2019

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