particular for collateral that saves more on regulatory capital …

In this paper, we investigate the economy-wide effects of the collateral channel by exploiting: (i) a legal reform in … Sweden in 2004 that reduced collateral values, and (ii) a dataset that covers all incorporated firms in Sweden over the … period 2000-2006. We find that the loss in collateral value reduces both the amount and the maturity of firm debt and leads …

In most emerging markets, the lack of acceptable collateral is often cited as a key constraint on the provision of … credit to agriculture. Three main types of collateral are typically used to finance agriculture: farmland, equipment, and … agricultural commodities. In many economies, however, the ability to use farmland as collateral is hindered by the absence of land …

collateral constraints and endogenous entry and exit. A defining feature of our model is a non-Gaussian process of firm …