Debt-deflation
Published
2005
Publisher
Bank for International Settlements
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
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Frequently Asked Questions
Who is the author of Debt-deflation?
Debt-deflation was written by Goetz Von Peter.
When was Debt-deflation published?
The publication date for this specific edition is 2005. The original work may have been published on a different date.