Endogenous debt constraints in collateralized economies with default penalties
From MaRDI portal
Publication:2427869
DOI10.1016/j.jmateco.2011.09.006zbMath1236.91138WikidataQ57937403 ScholiaQ57937403MaRDI QIDQ2427869
Yiannis Vailakis, V. Filipe Martins-da-Rocha
Publication date: 18 April 2012
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10438/8431
collateral; default; incomplete markets; limited commitment; debt constraints; infinite horizon economies; Ponzi schemes
Related Items
Cites Work
- Harsh default penalties lead to Ponzi schemes: a counterexample
- Bankruptcy and optimality in a closed trading mass economy modelled as a non-cooperative game
- The impossibility of effective enforcement mechanisms in collateralized credit markets
- Harsh default penalties lead to Ponzi schemes
- Competitive equilibria with asymmetric information
- Incomplete markets, continuum of states and default
- Dept constraints and equilibrium in infinite horizon economies with incomplete markets
- Competitive equilibria for infinite-horizon economies with incomplete markets
- Competition among Exchanges
- Financial Intermediation and Delegated Monitoring
- The optimal bankruptcy rule in a trading economy using fiat money
- Debt Constrained Asset Markets
- Infinite Horizon Incomplete Markets
- Liquidity Constrained Markets Versus Debt Constrained Markets
- On the Convergence to Homogeneous Expectations when Markets are Complete
- Efficiency, Equilibrium, and Asset Pricing with Risk of Default
- Default and Punishment in General Equilibrium1
- A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
- Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
- Collateral Avoids Ponzi Schemes in Incomplete Markets
- Does Market Incompleteness Matter?