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Browsing Economics and Business Working Papers Series by Subject "balance sheet recessions; contingent contracts; liquidity; informational frictions; trading frictions; financial regulation."

Browsing Economics and Business Working Papers Series by Subject "balance sheet recessions; contingent contracts; liquidity; informational frictions; trading frictions; financial regulation."

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  • Asriyan, Vladimir (2014-10-01)
    We consider a model of the balance sheet channel à la Kiyotaki and Moore (1997) but allow agents to trade claims contingent on aggregate states. We show that the interaction of information dispersion about aggregate states ...

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