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Bank:Board of Governors of the Federal Reserve System (U.S.)  Series:Proceedings 

Conference Paper
Liquidity and fire sales - discussion

Proceedings

Conference Paper
Heterogeneous beliefs, trading risk, and the equity premium

Proceedings

Conference Paper
Liquidity and fire sales

A ?fire sale? occurs when the owner of a good offers it for sale at a price strictly below the price that some buyers would willingly pay for the good. He does so because the advantage of the quick sale made possible by the lower price outweighs the higher price that other potential buyers would pay, given the likely delay in locating these buyers in the latter case. Fire sales can occur only in illiquid markets. This paper generalizes earlier treatments of illiquid markets by assuming that the asset can be offered for sale at any time, rather than only after its owner loses his capacity to ...
Proceedings

Conference Paper
Financial institution strategic planning for retail services

Proceedings

Conference Paper
Pass-through of exchange rates and competition between Mexico and China

Proceedings

Conference Paper
Trade adjustment and the composition of trade

Proceedings

Conference Paper
The declining equity premium: what role does macroeconomic risk play?

Proceedings

Conference Paper
International influences on domestic prices and activities: a FAVAR approach to open economy

Proceedings

Conference Paper
Modeling the disaggregated demands for M2 and M1: the U.S. experience in the 1980s

Proceedings

Conference Paper
A note on theories of money stock determination

Proceedings , Paper 1, pt. 1

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