Fire-Sale Spillovers and Systemic Risk

We identify and track over time the factors that make the financial system vulnerable to fire sales by constructing an index of aggregate vulnerability. The index starts increasing quickly in 2004, before most other major systemic risk measures, and triples by 2008. The fire-sale-specific factors of...

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Bibliographische Detailangaben

Veröffentlicht in:	The Journal of finance (New York) 2021-06, Vol.76 (3), p.1251-1294
Hauptverfasser:	DUARTE, FERNANDO, EISENBACH, THOMAS M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Federal Reserve banks Financial systems Liquidity Risk exposure Sales Vulnerability
Online-Zugang:	Volltext
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