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 …

The paper investigates the relationship between bank interest rate margins and collateral for loans issued to new … ventures. The analysis finds a convex U-shaped relationship. The results indicate that while provision of collateral initially …

We decompose aggregate consumption by modelling both savers and their links to collateral constrained borrowers through … proportion to the riskiness of assets, the demand for loans, the asset price and the quantity of housing collateral. We show that …