Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10009732825
Persistent link: https://www.econbiz.de/10009411138
Persistent link: https://www.econbiz.de/10011979764
Persistent link: https://www.econbiz.de/10011376098
Persistent link: https://www.econbiz.de/10001223524
Persistent link: https://www.econbiz.de/10001226170
We propose a tractable equilibrium model for pricing defaultable bonds that are subject to contagion risk. Contagion arises because agents with 'fragile beliefs' are uncertain about both the underlying state of the economy and the posterior probabilities associated with these states. As such,...
Persistent link: https://www.econbiz.de/10009656079