Leverage and Default in Binomial Economies: A Complete Characterization

DOI10.3982/ECTA11618zbMath1419.91447OpenAlexW3125208191MaRDI QIDQ4614317

Ana Fostel, John D. Geanakoplos

Publication date: 30 January 2019

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta11618

zbMATH Keywords

defaultendogenous leveragecollateral equilibriumfinancial assetLTVbinomial economydiluted leveragedown risk

Mathematics Subject Classification ID

General equilibrium theory (91B50) Actuarial science and mathematical finance (91G99)

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