Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10005240949
In this paper we investigate the macroeconomic equilibria of an economy in which credit contracts have both the adverse selection and incentive effects. The terms of credit contracts include both an interest rate and a collateral requirement. We show that in this richer model all types of...
Persistent link: https://www.econbiz.de/10005564541
Persistent link: https://www.econbiz.de/10005757245
Persistent link: https://www.econbiz.de/10005758529
Persistent link: https://www.econbiz.de/10005758600