On the impact of fundamentals, liquidity and coordination on market stability

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Danielsson, J. and F. Penaranda (2011, January). On the impact of fundamentals, liquidity and coordination on market stability. International Economics Review 3, 621-638.

Complex interactions between fundamentals and liquidity during unstable periods in financial markets are succinctly modeled with co-ordination games. We propose a flexible framework to estimate such a model and use the efficient method of moments as estimation process.

@article{DanielssonPenaranda2011,
author = {J{\'o}n Dan{\'i}elsson and F Penaranda},
journal = {International Economics Review},
title = {On the impact of fundamentals, liquidity and coordination on market stability},
abstract = {Complex interactions between fundamentals and liquidity during unstable periods in financial markets are succinctly modeled with co-ordination games. We propose a flexible framework to estimate such a model and use the efficient method of moments as estimation process. },
year = {2011},
url={https://ssrn.com/abstract=1002836},
month = jan,
	issue=52,
	volume=3,
	pages={621--638},
}



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