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Socially Excessive Bankruptcy Costs and the Benefits of Interest Rate Ceilings on Loans

Espinosa-Vega, Marco A. - 2015

The authors study the capital accumulation and welfare implications of ceilings on loan interest rates in a dynamic general equilibrium model. Binding ceilings on loan rates reduce the probability of bankruptcy. Lower bankruptcy rates result in lower bankruptcy and liquidation costs. The authors...

Persistent link: https://www.econbiz.de/10013032689

Liquidity Demand and Welfare in a Heterogeneous-Agent Economy

Wen, Yi - 2010

model is based on the incomplete-market model of Bewley (1980) where money serves as a store of value and provides liquidity … liquidity demand can lead to sluggish movements in aggregate prices and positive responses from aggregate output to transitory … more) to avoid 10% annual inflation. The large welfare cost of inflation arises because inflation destroys the liquidity …

Persistent link: https://www.econbiz.de/10013146741

Public debt as private liquidity: optimal policy

Angeletos, Marios; Collard, Fabrice; Ntellas, Charēs - 2020

Persistent link: https://www.econbiz.de/10012419676

Welfare gains of bailouts in a sovereign default model

Pancrazi, Roberto; Seoane, Hernán D.; Vukotić, Marija - In: Journal of economic dynamics & control 113 (2020), pp. 1-22

Persistent link: https://www.econbiz.de/10012502547

Downpayment, mobility and default : A welfare analysis

Mnasri, Ayman - In: Journal of macroeconomics 55 (2018), pp. 235-252

Persistent link: https://www.econbiz.de/10012127601

Asset issuance in over-the-counter markets

Bethune, Zachary; Sultanum, Bruno; Trachter, Nicholas - In: Review of economic dynamics 33 (2019), pp. 4-29

Persistent link: https://www.econbiz.de/10012312127

Health insurance mandates in a model with consumer bankruptcy

Sorek, Gilad; Benjamin, David - In: Journal of regulatory economics 50 (2016) 2, pp. 233-250

Persistent link: https://www.econbiz.de/10011669940

Financial integration and liquidity crises

Castiglionesi, Fabio; Feriozzi, Fabio; Lorenzoni, Guido - In: Management science : journal of the Institute for … 65 (2019) 3, pp. 955-975

Persistent link: https://www.econbiz.de/10012013458

Optimal bankruptcy code : a fresh start for some

Gordon, Grey - In: Journal of economic dynamics & control 85 (2017), pp. 123-149

Persistent link: https://www.econbiz.de/10011919344

Phasing out the GSEs

Elenev, Vadim; Landvoigt, Tim; Nieuwerburgh, Stijn van - 2015

Persistent link: https://www.econbiz.de/10011415411

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