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Collateralization, Market Incompleteness and Asset Overvaluation

Dow, James - 2016

We study a simple static economy with collateralized loan contracts and an incomplete asset market. We study whether economic forces operate to keep asset price equal to fundamentals in this economy. We find that asset prices may be higher than the valuation of any agent in the economy, i.e.,...

Persistent link: https://www.econbiz.de/10013000446

Are the Liquidity and Collateral Roles of Asset Bubbles Different?

Clain-Chamosset-Yvrard, Lise - 2020

role of the bubble, used to provide liquidities or as collateral in a borrowing constraint. In this paper, we introduce … when the borrowing constraint is binding. More significantly, our results do not depend on the - liquidity or collateral … probability. Because credit and bubble are no more perfectly substitutable assets, the liquidity and collateral roles of the …

Persistent link: https://www.econbiz.de/10012837465

Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities

Ledenyov, Dimitri - 2015

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10013026463

Strategic Behavior in Capital Markets and Asset Prices

Obreja, Iulian - 2010

In this paper we study the impact of the degree of concentration of a financial system on the aggregate demand for housing as well as the feedback effect of the size of the mortgage loan market on lenders' profits, internal capital accumulation, loan losses and potential bailouts. In a general...

Persistent link: https://www.econbiz.de/10013136441

Are the liquidity and collateral roles of asset bubbles different?

Clain-Chamosset-Yvrard, Lise; Raurich-Puigdevall, Xavier; … - In: Journal of money, credit and banking : JMCB 55 (2023) 6, pp. 1443-1473

Persistent link: https://www.econbiz.de/10014364289

The Secured Credit Premium and the Issuance of Secured Debt

Benmelech, Efraim; Kumar, Nitish; Rajan, Raghuram G. - 2022

pattern of issue behavior is consistent with highly rated firms seeing unencumbered collateral as a form of insurance, to be …

Persistent link: https://www.econbiz.de/10013306614

Do credit market imperfections justify a central bank's response to asset price fluctuations?

Nutahara, Kengo - In: Journal of economic dynamics & control 61 (2015), pp. 81-94

Persistent link: https://www.econbiz.de/10011589069

Switching bubbles: from outside to inside bubbles

Basco, Sergi - In: European economic review : EER 87 (2016), pp. 236-255

Persistent link: https://www.econbiz.de/10011770835

Collateralization and asset price bubbles when investors disagree about risk

Broer, Tobias; Kero, Afroditi - In: Journal of banking & finance 128 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012821680

Collateral constraints and asset prices

Chabakauri, Georgy; Han, Brandon Yueyang - In: Journal of financial economics 138 (2020) 3, pp. 754-776

Persistent link: https://www.econbiz.de/10012653137

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