Collateral constraints and the amplification mechanism.

DOI10.1016/S0022-0531(03)00098-XMaRDI QIDQ1406469zbMATH OpenFDO

Authors Arvind Krishnamurthy

Publication date 4 September 2003

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0022-0531(03)00098-X

zbMATH Keywords

Credit market imperfectionsFinancial crisesIncomplete marketsInsuranceInterest rate swapsLiquidity

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A Theory of Debt Based on the Inalienability of Human Capital
• Endogenous cycles in a Stiglitz-Weiss economy

Cited in

(13)

• On the amplification role of collateral constraints
• Collateral once again
• Collateral amplification under complete markets
• Resolution of financial crises
• Optimal contracts and supply-driven recessions
• Collateral constraints, the zero lower bound, and the debt-deflation mechanism
• Bank assets, liquidity and credit cycles
• Collateral and the efficiency of monetary policy
• Collateral premia and risk sharing under limited commitment
• Balance sheet channel with information-trading frictions in secondary markets
• Collateral constraints and the amplification-persistence trade-off
• Segmentation and beliefs: a theory of self-fulfilling idiosyncratic risk
• Falling interest rates and credit reallocation: lessons from general equilibrium

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