Debt-deflation
Subtitle: concepts and a stylised model
By: by Goetz von Peter.
Contributors: Bank for International Settlements. Monetary and Economic Dept.
Series: BIS working papers ;; no. 176; BIS working papers (Online) ;; no. 176.
Publisher: Bank for International Settlements
Published: 2005
Place of publication: Basel, Switzerland
Language: eng
Format: Electronic resource
Subjects: Deflation (Finance); Debt.
Description: "This paper proposes a model of how agents adjust their asset holdings in response to losses in general equilibrium.  By emphasising the relation between deflation and financial distress, we capture some original features of the early debt-deflation literature, such as distress selling, instability, and endogenous monetary contraction"--Bank for International Settlements web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 6/16/2005.
Also available in print.
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Mode of access: World Wide Web.