Collateral crises / Gary Gorton and Guillermo Ordoñez.
"How can a small shock sometimes cause a large crisis when it does not at other times? Financial fragility builds up over time because it is not optimal to always produce costly information about counterparties. Short-term, collateralized, debt (e.g., demand deposits, money market instruments)...
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| Corporate Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Tokyo :
Institute for Monetary and Economic Studies, Bank of Japan,
[2011]
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| Series: | IMES discussion paper series ;
no. 2011-E-25. |
| Subjects: |
Norlin Library - Basement - Government Information - Foreign
| Call Number: |
674-B22M 5:2011-E-25
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| 674-B22M 5:2011-E-25 | Available Place a Hold |