Browsing by Subject "Effective default enforcements"

Now showing items 1-2 of 2

    • The impossibility of effective enforcement mechanisms in collateralized credit markets 
      Ferreira, Thiago Revil T.; Torres Martínez, Juan Pablo (ELSEVIER, 2010)
      We analyze the possibility of the simultaneous presence of two key features in price-taking sequential economies: collateralized credit operations and effective additional enforcement mechanisms, i.e. those implying ...
    • With Additional Enforcement Mechanisms, does Collateral Avoid Ponzi Schemes? 
      Revil, Thiago; Torres Martínez, Juan Pablo (Universidad de Chile, Facultad de Economía y Negocios, 2008)
      In infinite horizon incomplete market economies, when the seizure of collateral guarantees is the only mechanism enforcing borrowers not to entirely default on their promises, equilibrium exists independently of the ...