The impossibility of effective enforcement mechanisms in collateralized credit markets

DOI10.1016/J.JMATECO.2009.12.004MaRDI QIDQ972376zbMATH OpenOpenAlexFDO

Authors Thiago Revil T. Ferreira, Juan Pablo Torres-Martínez

Publication date 25 May 2010

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2009.12.004

zbMATH Keywords

collateral guaranteeseffective default enforcementsindividual's optimality

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A derivative-coderivative inclusion in second-order nonsmooth analysis
• Collateral Avoids Ponzi Schemes in Incomplete Markets
• Default and Punishment in General Equilibrium1
• General equilibrium in CLO markets
• Harsh default penalties lead to Ponzi schemes
• scientific article; zbMATH DE number 1351867 (Why is no real title available?)
• Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
• Wealth transfers and the role of collateral when lifetimes are uncertain

Cited in

(5)

• Financial segmentation and collateralized debt in infinite-horizon economies
• Recourse loans and Ponzi schemes
• Equilibrium with limited-recourse collateralized loans
• Endogenous debt constraints in collateralized economies with default penalties
• On Ponzi schemes in infinite horizon collateralized economies with default penalties

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