Collateral secured loans in a monetary economy

DOI10.1016/J.JET.2008.02.002zbMATH Open1153.91590OpenAlexW2088424656MaRDI QIDQ960265FDOQ960265

Leo Ferraris, Makoto S. Watanabe

Publication date: 16 December 2008

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://economicdynamics.org/meetpapers/2007/paper_121.pdf

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zbMATH Keywords

collateralsearchmoney

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Credit and Money in a Search Model with Divisible Commodities
• Money and capital as competing media of exchange
• Money, credit and banking

Cited In (14)

• Asymmetric information in frictional markets for liquidity: collateralized credit vs asset sale
• Asset prices and standing facilities in a monetary economy
• Collateral once again
• Financial frictions, the housing market, and unemployment
• Liquidity and asset prices in a monetary model with OTC asset markets
• Payment instruments and collateral in the interbank payment system
• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• Optimal monetary interventions in credit markets
• A Theory of Collateral for the Lender of Last Resort*
• Banking crises and liquidity in a monetary economy
• Collateral fluctuations in a monetary economy
• Optimal disclosure policy and undue diligence
• Editorial: Introduction to international financial markets and banking systems crises
• On the optimal quantity of liquid bonds

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