Fiat money and the value of binding portfolio constraints
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Publication:623447
DOI10.1007/S00199-009-0510-9zbMATH Open1222.91054OpenAlexW2110116413MaRDI QIDQ623447FDOQ623447
Myrian Petrassi, Mário R. Páscoa, Juan Pablo Torres-Martínez
Publication date: 14 February 2011
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: http://www.econ.uchile.cl/uploads/publicacion/4d928691-9480-442e-9137-5a05615bcb69.pdf
Cites Work
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- Rational Asset Pricing Bubbles
- ARBITRAGE IN SECURITIES MARKETS WITH SHORT-SALES CONSTRAINTS
- Differentiability of the value function without interiority assumptions
- Endogenous collateral
- Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
- The permanent income hypothesis and short-run price stability
- Long-lived collateralized assets and bubbles
- Fiat money and the value of binding portfolio constraints
- On Transaction Costs, Inessential Sequence Economies and Money
- Inefficiency and the Demand for "Money" in a Sequence Economy
- On the Role of Money and the Existence of a Monetary Equilibrium
- On the Efficiency of a Monetary Equilibrium
- On the positive fundamental value of money with short-sale constraints
- The value of money in a dynamic equilibrium model
Cited In (10)
- Long-lived collateralized assets and bubbles
- Financial segmentation and collateralized debt in infinite-horizon economies
- Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints
- Fiat money and the value of binding portfolio constraints
- Asset bubbles and efficiency in a generalized two-sector model
- Title not available (Why is that?)
- Inside and outside fiat money, gains to trade, and IS-LM
- Portfolio constraints, differences in beliefs and bubbles
- Endogenous discounting, wariness, and efficient capital taxation
- Real indeterminacy and dynamics of asset price bubbles in general equilibrium
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