Collateral secured loans in a monetary economy

DOI10.1016/J.JET.2008.02.002MaRDI QIDQ960265zbMATH OpenOpenAlexFDO

Authors 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

zbMATH Keywords

collateralsearchmoney

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(15)

• 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
• Collateral and the efficiency of monetary policy

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