Title: Debt-deflation
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.
Subjects: Debt, Deflation (Finance)