Savings and default

DOI10.1007/S00199-012-0722-2MaRDI QIDQ372376zbMATH OpenOpenAlexFDO

Authors M. Udara Peiris, Alexandros P. Vardoulakis

Publication date 7 October 2013

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-012-0722-2

zbMATH Keywords

creditdefaultprecautionary savingsendogenous contractsuninsurable risk

Mathematics Subject Classification ID

Credit risk (91G40)

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Cites work

• A model to analyse financial fragility
• Ambiguity aversion and trade
• Bank Runs, Deposit Insurance, and Liquidity
• Collateral premia and risk sharing under limited commitment
• Collateral restrictions and liquidity under-supply: a simple model
• Default and Punishment in General Equilibrium1
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Equilibrium analysis, banking and financial instability.
• Equilibrium asset prices with undiversifiable labor income risk
• Financial Intermediation and Delegated Monitoring
• Liquidity and asset prices in rational expectations equilibrium with ambiguous information
• More punishment, less default?
• No-arbitrage, state prices and trade in thin financial markets
• Non-commitment and savings in dynamic risk-sharing contracts
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Self-fulfilling crises with default and devaluation
• The optimal bankruptcy rule in a trading economy using fiat money

Cited in

(11)

• The effects of credit subsidies on development
• Implied savings accounts are unique
• CREDIT, DEFAULT, AND OPTIMAL HEALTH INSURANCE
• Disastrous Defaults
• Strategic default in the international coffee market
• Consumer default with complete markets: default-based pricing and finite punishment
• The productivity cost of sovereign default: evidence from the European debt crisis
• The effect of the central bank's standing facilities on interbank lending and bank liquidity holding
• Default and aggregate income
• Determination of general equilibrium with incomplete markets and default penalties
• Monetary transaction costs and the term premium

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