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~subject:"Flight to collateral"
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Flight to collateral
Collateral equilibrium
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Endogenous leverage
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Binomial economy
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collateral equilibrium
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Fostel, Ana
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Geanakoplos, John
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Cowles Foundation for Research in Economics, Yale University
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Reviewing the Leverage Cycle
Fostel, Ana
;
Geanakoplos, John
-
Cowles Foundation for Research in Economics, Yale University
-
2013
We review the theory of leverage developed in
collateral
equilibrium
models with incomplete markets. We explain how …
Persistent link: https://www.econbiz.de/10010895688
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