Collateral amplification under complete markets

DOI10.1016/J.JEDC.2014.05.015MaRDI QIDQ1994591zbMATH OpenOpenAlexFDO

Authors Kalin Nikolov

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10419/154149

zbMATH Keywords

amplificationcollateral constraints

Mathematics Subject Classification ID

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

Recommendations

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Cites work

• scientific article; zbMATH DE number 4060924 (Why is no real title available?)
• Collateral constraints and the amplification mechanism.
• Efficient allocations with hidden income and hidden storage

Cited in

(15)

• On the amplification role of collateral constraints
• Optimal contracts and supply-driven recessions
• A Theory of Collateral for the Lender of Last Resort*
• Collateral constraints and the amplification-persistence trade-off
• Debt collateralization, capital structure, and maximal leverage
• Rothschild/Stiglitz dominance and (in)compatibility of collateral in the presence of ex ante hidden information
• Equilibrium with limited-recourse collateralized loans
• Default and exogenous collateral in incomplete markets with a continuum of states
• The impossibility of effective enforcement mechanisms in collateralized credit markets
• Collateral premia and risk sharing under limited commitment
• Collateral once again
• Investor borrowing heterogeneity in a Kiyotaki-Moore style macro model
• Collateral constraints and the amplification mechanism.
• Credit markets with moral hazard and heterogeneous valuations of collateral
• Collateral in banking policy: on the possibility of signaling

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