In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …

, we focus on the asset pricing implications of the euro. Specifically, we use a dynamic no arbitrage term structure model …

Introducing bounded rationality into a standard consumption based asset pricing model with a representative agent and …

-horizon asset-pricing model with heterogeneous agents. In our model, the ability of agents to reuse frees up collateral that can be …