Equilibrium with default-dependent credit constraints

We state an infinite horizon sequential markets model with real assets in positive net supply and subject to credit risk. By introducing default-dependent borrowing constraints, we show the existence of equilibrium.

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Year of publication:	2007
Authors:	Moreno-García, Emma ; Torres-Martínez, Juan Pablo
Publisher:	Rio de Janeiro : Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
Subject:	Equilibrium \| Infinite horizon incomplete markets \| Infinite-lived real assets.

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Series:	Texto para discussão ; 540
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	527279498 [GVK] hdl:10419/176023 [Handle] RePEc:rio:texdis:540 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011807364