Distress selling and asset market feedback
By: by Ilhyock Shim and Goetz von Peter.
Contributors: Peter, Goetz von.; Bank for International Settlements. Monetary and Economic Dept.
Series: BIS working papers -- no. 229
Publisher: Bank for International Settlements
Published: 2007
Place of publication: Basel, Switzerland
Language: eng
Format: Electronic resource
Description: 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.
Notes: Title from PDF file (viewed on Dec. 27, 2007).

"Monetary and Economic Department."

"June 2007."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.