the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured … and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …

tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …

collateral. We find that banks are likely to accumulate restructuring know-how if they enjoy market power or finance a large … value of the bank's inside collateral, this result indicates that empirical studies on debt securization and financial … contracting need to distinguish clearly between the two types of collateral. …