• Jeremy Stein


The Fire-Sales Problem and Securities Financing Transactions. Jeremy Stein, October 4, 2013, Opinion. "Thank you. It's a pleasure to be here at this workshop. In an effort to provide some broad framing for the sessions to follow, I thought I would try to do three things in my opening remarks. First, I will briefly discuss the welfare economics of fire sales. That is, I will try to make clear when a forced sale of an asset is not just an event that leads to prices being driven below long-run fundamental values, but also one that involves a market failure..." Link Verified October 12, 2014