Crises and Liquidity in Over-the-counter Markets

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.

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Year of publication:	2010
Authors:	Weill, Pierre-Olivier ; Rocheteau, Guillaume ; Lagos, Ricardo
Institutions:	Society for Economic Dynamics - SED

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Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 500
Source:	RePEc - Research Papers in Economics

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