estate collateral. This is most pronounced for opaque (for example, very young) firms. Through an extension to our model and … our choice of specification, we show that our findings are most consistent with a collateral-value-based credit supply …

potential runs. We derive distinct liquidity, collateral, and asset liquidation constraints, which determine whether a run can … depends on whether it has sufficient liquidity, collateral, and asset liquidation capacity. These determinants are endogenous … productivity and size. Moreover, systemic runs are possible if shocks to the valuation of collateral held by outside investors are …

: agents choose how much to borrow using a risky asset as collateral, and there are no ad hoc collateral constraints. When the … risky asset is financial-namely, its payoff does not depend on ownership (such as a bond)- collateral requirements are high … as a firm)-collateral requirements are lower and default occurs. The experimental outcomes are in line with the theory …

We study a dynamic model of collateralized lending under adverse selection in which the quality of collateral assets is …

expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal …