How Long to Read Fire Sales and the Financial Accelerator

How Long Does it Take to Read Fire Sales and the Financial Accelerator?

It takes the average reader and 31 minutes to read Fire Sales and the Financial Accelerator by Woon Gyu Choi

Assuming a reading speed of 250 words per minute. Learn more

Description

During periods of financial turmoil, increases in risk lead to higher default, foreclosure, and fire sales. This paper introduces a costly liquidation process for foreclosed collateral and endogenous recovery rates in a dynamic stochastic general equilibrium model of the financial accelerator. Consistent with empirical evidence, we find that recovery rates are pro-cyclical when collateral is costly to liquidate. Through links between recovery rates, risk premia, and default risk, the model generates an additional liquidity spiral, a feedback loop for the financial accelerator. We illustrate how collateral liquidation and monetary policy alter the impacts of a financial shock. We also show that a government subsidy on collateral liquidity and the endogenous accumulation of liquidity inventory help dampen the liquidity spiral by shoring up recovery rates.

How long is Fire Sales and the Financial Accelerator?

Fire Sales and the Financial Accelerator by Woon Gyu Choi is 31 pages long, and a total of 7,781 words.

This makes it 10% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Fire Sales and the Financial Accelerator Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Fire Sales and the Financial Accelerator aloud.

What Reading Level is Fire Sales and the Financial Accelerator?

Fire Sales and the Financial Accelerator is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Fire Sales and the Financial Accelerator?

Fire Sales and the Financial Accelerator by Woon Gyu Choi is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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