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Moral hazard, collateral and liquidity

Acharya, Viral V.; Viswanathan, S. - 2008

Persistent link: https://www.econbiz.de/10003640583

Liquidating illiquid collateral

Oehmke, Martin - In: Journal of economic theory 149 (2014), pp. 183-210

Persistent link: https://www.econbiz.de/10010258381

Fire-sale externalities

Dávila, Eduardo; Korinek, Anton - 2016

Persistent link: https://www.econbiz.de/10011523934

On the role of the collateral constraint friction in the North-South transmission of the 2008-2009 financial crisis

Nguyen, Ha - In: Journal of money, credit and banking : JMCB 54 (2022) 2/3, pp. 707-728

Persistent link: https://www.econbiz.de/10013167533

Financial regulation, interest rate responses, and distributive effects

Loenser, Christian; Röttger, Joost; Schabert, Andreas - 2022 - This version: November 18, 2021

externalities induced by a collateral constraint. Limiting the loan-to-value ratio benefits only few unconstrained borrowers and … reduces ex-ante social welfare. A Pigouvianstyle symmetric debt tax (that subsidizes savings) raises collateral prices and … social welfare. Overall, collateral effects are of minor importance and interest rate rather than asset price responses are …

Persistent link: https://www.econbiz.de/10012818408

Financial constraints and collateral crises

Araujo, Luis; Guimarães, Bernardo; Rodrigues, Diego - In: Review of economic dynamics 38 (2020), pp. 238-250

Persistent link: https://www.econbiz.de/10012653089

Credit frictions in the Great Recession

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - 2020

Persistent link: https://www.econbiz.de/10012501496

On the importance of household versus firm credit frictions in the Great Recession

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - 2020

Persistent link: https://www.econbiz.de/10012388421

Securitization and aggregate investment efficiency

Mirza, Afrasiab; Stephens, Eric - 2016

This paper studies the welfare properties of competitive equilibria in an economy with incomplete markets subject to idiosyncratic and aggregate shocks. We focus on the role of securitization, whereby borrowers can reduce idiosyncratic asset risk, which enables increased leverage and investment....

Persistent link: https://www.econbiz.de/10012010374

Multiple equilibria in open economies with collateral constraints

Schmitt-Grohé, Stephanie; Uribe, Martín - In: The review of economic studies : RES 88 (2021) 2, pp. 969-1001

Persistent link: https://www.econbiz.de/10012504691