Long-lived collateralized assets and bubbles
From MaRDI portal
Publication:433137
DOI10.1016/j.jmateco.2010.12.007zbMath1242.91073MaRDI QIDQ433137
Juan Pablo Torres-Martínez, Mario Rui Pascoa, Aloisio Pessoa de Araujo
Publication date: 13 July 2012
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: http://www.econ.uchile.cl/uploads/publicacion/2417b908-0743-4f10-aa5a-4fe13811d8a3.pdf
91B24: Microeconomic theory (price theory and economic markets)
Related Items
Bubble economics, An approach to the absence of price bubbles through state-price deflators, Rational asset pricing bubbles and debt constraints, Equilibrium in collateralized asset markets: credit contractions and negative equity loans, Fiat money and the value of binding portfolio constraints, Portfolio constraints, differences in beliefs and bubbles, Financial segmentation and collateralized debt in infinite-horizon economies, Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints, Real indeterminacy and dynamics of asset price bubbles in general equilibrium, Recourse loans and Ponzi schemes, Equilibrium with limited-recourse collateralized loans, Asset bubbles and efficiency in a generalized two-sector model, Continuity of marketable payoffs with re-trading, Arbitrage Theory with State-Price Deflators
Cites Work
- Fiat money and the value of binding portfolio constraints
- A derivative-coderivative inclusion in second-order nonsmooth analysis
- Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
- Complete and incomplete markets with short-sale constraints
- Endogenous collateral
- Competitive equilibria for infinite-horizon economies with incomplete markets
- A Difficulty with the Optimum Quantity of Money
- Rational Asset Pricing Bubbles
- Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
- Collateral Avoids Ponzi Schemes in Incomplete Markets
