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

collateralmoneysearch

Mathematics Subject Classification ID

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

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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)

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

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