How Long to Read Fire Sales in Frozen Markets

How Long Does it Take to Read Fire Sales in Frozen Markets?

It takes the average reader and 45 minutes to read Fire Sales in Frozen Markets by Mr.Ehsan Ebrahimy

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

Description

It is challenging to explain the collapse in the price of subprime mortgage-backed securities (MBS) during the Financial Crisis of 2008, using the existing models of fire-sale. I present a model to demonstrate that fire-sales may happen even when there is a relatively sizable pool of natural buyers and in the absence of asymmetric information, due to a coordination failure among buyers: buyers’ waiting to trade at a lower price tomorrow, can lead to a collapse in the price and trade volume today. In particular, I show that when trade is decentralized and participation is endogenous, a medium level of asset demand and liquidity needs that are ex-pected to increase over time create complementarity among buyers’ decisions to wait. This complementarity makes competitive markets prone to coordination failures and fire-sales accompanied by a collapse in the trade volume. Fire-sales may also be inefficient. I also discuss various policy options to eliminate the risk of fire-sales in such a setup.

How long is Fire Sales in Frozen Markets?

Fire Sales in Frozen Markets by Mr.Ehsan Ebrahimy is 45 pages long, and a total of 11,475 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Fire Sales in Frozen Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Fire Sales in Frozen Markets aloud.

What Reading Level is Fire Sales in Frozen Markets?

Fire Sales in Frozen Markets 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 in Frozen Markets?

Fire Sales in Frozen Markets by Mr.Ehsan Ebrahimy 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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