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Endogenous startups, financial conditions, and capital accumulation

Delli Gatti, Domenico; Longaretti, Riccarda - In: The role of financial markets in the transition process …, (pp. 93-116). 2003

Persistent link: https://www.econbiz.de/10001759316

The effect of income and collateral constraints on residential mortgage terminations

Archer, Wayne R.; Ling, David C.; McGill, Gary A. - 1995

Persistent link: https://www.econbiz.de/10000937787

Collateralized debt as the optimal contract

Lacker, Jeffrey Malcolm - 1998

Persistent link: https://www.econbiz.de/10000987690

House prices, collateral constraint, and the asymmetric effect on consumption

Chen, Nan-kuang; Chen, Shiu-sheng; Chou, Yu-Hsi - In: Journal of housing economics 19 (2010) 1, pp. 26-37

Persistent link: https://www.econbiz.de/10009300150

Bubbles and Credit Constraints

Miao, Jianjun - 2011

opportunities and face credit constraints. Capital is not only an input for production, but also serves as collateral. We show that … bubbles on this reproducible asset may arise, which relax collateral constraints and improve investment efficiency. The …

Persistent link: https://www.econbiz.de/10013128823

Bubbles and Credit Constraints

Miao, Jianjun - 2011

Persistent link: https://www.econbiz.de/10013128824

Owner-Occupied Housing : The Role of Collateral Constraints on the Household Portfolio

Flavin, Marjorie - 2011

The paper constructs a model of optimal portfolio allocation that focuses on the role of housing as collateral, allows …

Persistent link: https://www.econbiz.de/10013133094

Financial (Dis)Integration

Kharroubi, Enisse - 2010

foreign lenders consider loans from domestic lenders as firm collateral. This implies that their lending supply is positively … associated with the volume of capital a firm is able to borrow from domestic lenders (collateral effect). On the other hand, the … supply (competition effect). Two different cases are then possible. If foreign lenders are able, in spite of the collateral …

Persistent link: https://www.econbiz.de/10013136634

Completing CVA and Liquidity : Firm-Level Positions and Collateralized Trades

Kenyon, Chris - 2010

Bilateral CVA as currently implement has the counter-intuitive effect of profiting from one's own widening CDS spreads, i.e. increased risk of default, in practice. The unified picture of CVA and liquidity introduced by Morini & Prampolini 2010 has contributed to understanding this. However,...

Persistent link: https://www.econbiz.de/10013138140

Two Monetary Tools : Interest Rates and Haircuts

Ashcraft, Adam B. - 2010

We study a production economy with multiple sectors financed by issuing securities to agents who face capital constraints. Binding capital constraints propagate business cycles, and a reduction of the interest rate can increase the required return of high-haircut assets since it can increase the...

Persistent link: https://www.econbiz.de/10013138470