Browsing by Author "Rubin, Janet"

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    • Destroying collateral: asset security and the financing of firms 
      Rubin, Janet; Wagner Brizzi, Rodrigo (Taylor & Francis, 2014)
      Posting collateral encourages credit provision under the assumption that lenders can appropriate the pledged assets in case of default. When institutions work imperfectly, though, banks discount the value of effective ...