Regulating collateral-requirements when markets are incomplete
DOI10.1016/J.JET.2010.09.004zbMATH Open1258.91131OpenAlexW2057531951MaRDI QIDQ413485FDOQ413485
Felix Kubler, Susan Schommer, Aloisio Araujo
Publication date: 7 May 2012
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://www.zora.uzh.ch/id/eprint/38755/1/Regulating_Collateral_when_markets_are_incomplete.pdf
collateraldefaultregulationincomplete marketsgeneral equilibriumrisk sharingwelfarePareto efficiencygovernment interventionidentical homothetic utility
Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)
Cites Work
- Default and Punishment in General Equilibrium1
- Pareto improving financial innovation in incomplete markets
- Endogenous collateral
- Collateral premia and risk sharing under limited commitment
- Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
- Collateral Avoids Ponzi Schemes in Incomplete Markets
- Equilibrium with default and endogenous collateral.
Cited In (14)
- COLLATERAL REQUIREMENTS AND ASSET PRICES
- Financial segmentation and collateralized debt in infinite-horizon economies
- Introduction to general equilibrium
- Equilibrium efficiency with secured and unsecured assets
- General equilibrium, preferences and financial institutions after the crisis
- Surprise and default in general equilibrium
- Partially revealing rational expectations equilibrium with real assets and binding constraints
- Collateral equilibrium. I: A basic framework
- Why does bad news increase volatility and decrease leverage?
- Prices and investment with collateral and default
- Debt collateralization, capital structure, and maximal leverage
- Equilibrium with default and endogenous collateral.
- Collateral constraints, tranching, and price bases
- Collateralized borrowing and increasing risk
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