Showing 1 - 3 of 3
We rationalize fixed rate loan commitments (forward credit contracting with options) in a competitive credit market with universal risk neutraility. Future interest rates are random, but there are no transactions costs. Borrowers finance projects with bank loans and choose ex post unobseravable...
Persistent link: https://www.econbiz.de/10005413139
Persistent link: https://www.econbiz.de/10005201823
Persistent link: https://www.econbiz.de/10003525877