financial institutions require collateral (the extensive margin) and (2) the collateral value relative to the loan value (the … intensive margin). On the first aspect, it finds that collateral borrowing is prevalent. On average, 73 percent of loans from … financial institutions require collateral. Firms that are small or sell domestically are significantly less likely to pledge …

addition, it expands the current research agenda by considering a neglected factor: The quality of eligible collateral (QEC … investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive …

. The existence of a correlation between inflation and the quality of eligible collateral would strongly support fundamental …