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Distress Selling and Asset Market Feedback


Ilhyock Shim


Bank for International Settlements (BIS)

Goetz Von Peter


Bank for International Settlements - Research and Policy Analysis
June 2007

BIS Working Paper No. 229

Abstract:     
This paper examines the process of distress selling and asset market feedback. It splits this process into several stages, in order to analyse what triggers distress selling, why asset prices fall, and how falling prices generate additional rounds of selling. This framework enables us to understand and compare models relevant to distress selling from diverse literatures. The paper also considers what policy options are available at each stage to mitigate the adverse economic consequences of distress selling and asset market feedback.

Number of Pages in PDF File: 55

Keywords: Financial distress, distress selling, asset market feedback, banking crises, financial instability

JEL Classification: G10, G18, G33, E44, E58

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Date posted: September 14, 2007  

Suggested Citation

Shim, Ilhyock and Von Peter, Goetz, Distress Selling and Asset Market Feedback (June 2007). BIS Working Paper No. 229. Available at SSRN: http://ssrn.com/abstract=1013988 or http://dx.doi.org/10.2139/ssrn.1013988

Contact Information

Ilhyock Shim (Contact Author)
Bank for International Settlements (BIS) ( email )
CH-4002 Basel
Switzerland
Goetz Von Peter
Bank for International Settlements - Research and Policy Analysis ( email )
CH-4002 Basel
Switzerland
+ 41 61 280 8840 (Phone)
HOME PAGE: http://www.bis.org/author/goetz_von_peter.htm
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