Crises and Liquidity in Over-the-counter Markets

Pierre-Olivier Weill, Guillaume Rocheteau and Ricardo Lagos

No 500, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: positions that require small reallocations. In such circumstances, welfare can increase if the government steps in, purchases private assets on its own account, and resells them when the economy recovers.

Date: 2010
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Journal Article: Crises and liquidity in over-the-counter markets (2011)
Working Paper: Crises and Liquidity in Over-the-Counter Markets (2009)
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