Begalle, Brian; Martin, Antoine; McAndrews, James; … - Federal Reserve Bank of New York - 2013
sales of assets by a dealer who, facing a run that could lead to default, sells securities to generate liquidity, and fire … sales of assets by repo investors after a dealer's default has occurred. While fire sales do cause damage no matter how they … available to mitigate the risk of pre-default fire sales and that no established tools currently exist to mitigate the risk of …