Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

or rose. Aggregate wealth-to-income ratios have fluctuated, re-flecting both market and policy influences, whereas …This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate …

that empirically plausible degrees of heterogeneity with respect to two important credit market characteristics - namely … the EMU. -- monetary union ; inflation ; differentials ; collateral constraints ; cross-country heterogeneity ; household …

collateralizable housing wealth in a region delays chains ́entry into franchising by 0.28 years on average, 9 percent of the average …

of ex-post moral hazard and adverse selection produces credit market rationing when default penalties are low. When … default penalties increase, the level of student risk aversion proves crucial in determining the market outcome. If risk …

states where collateral value is high and maximizes borrowing capacity when it is low. Haircuts increase both with … counterparty risk and asset risk. In equilibrium, lenders choose to re-use collateral. This increases the circulation of the asset … and generates a "collateral multiplier" effect. Finally, we show that intermediation by dealers may endogenously arise in …