On Ponzi schemes in infinite horizon collateralized economies with default penalties
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Publication:470602
DOI10.1007/s10436-012-0209-yzbMath1298.91177MaRDI QIDQ470602
V. Filipe Martins-da-Rocha, Yiannis Vailakis
Publication date: 12 November 2014
Published in: Annals of Finance (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10438/8430
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Harsh default penalties lead to Ponzi schemes: a counterexample, Financial segmentation and collateralized debt in infinite-horizon economies
Cites Work
- Harsh default penalties lead to Ponzi schemes: a counterexample
- The impossibility of effective enforcement mechanisms in collateralized credit markets
- Harsh default penalties lead to Ponzi schemes
- Default and Punishment in General Equilibrium1
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- Collateral Avoids Ponzi Schemes in Incomplete Markets