Long-lived collateralized assets and bubbles
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Publication:433137
DOI10.1016/j.jmateco.2010.12.007zbMath1242.91073OpenAlexW3122144213MaRDI QIDQ433137
Juan Pablo Torres-Martínez, Mario Rui Pascoa, Aloisio Pessoa de Araujo
Publication date: 13 July 2012
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: http://www.econ.uchile.cl/uploads/publicacion/2417b908-0743-4f10-aa5a-4fe13811d8a3.pdf
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Related Items (14)
Real indeterminacy and dynamics of asset price bubbles in general equilibrium ⋮ Equilibrium with limited-recourse collateralized loans ⋮ Asset bubbles and efficiency in a generalized two-sector model ⋮ Rational asset pricing bubbles and debt constraints ⋮ Fiat money and the value of binding portfolio constraints ⋮ Bubble economics ⋮ Continuity of marketable payoffs with re-trading ⋮ Portfolio constraints, differences in beliefs and bubbles ⋮ An approach to the absence of price bubbles through state-price deflators ⋮ Recourse loans and Ponzi schemes ⋮ Equilibrium in collateralized asset markets: credit contractions and negative equity loans ⋮ Financial segmentation and collateralized debt in infinite-horizon economies ⋮ Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints ⋮ Arbitrage Theory with State-Price Deflators
Cites Work
- Fiat money and the value of binding portfolio constraints
- A derivative-coderivative inclusion in second-order nonsmooth analysis
- Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
- Complete and incomplete markets with short-sale constraints
- Endogenous collateral
- Competitive equilibria for infinite-horizon economies with incomplete markets
- A Difficulty with the Optimum Quantity of Money
- Rational Asset Pricing Bubbles
- Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
- Collateral Avoids Ponzi Schemes in Incomplete Markets
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