Browsing by Author "5d57487d-e310-4e73-9f9e-16db7cb7e17f"
Now showing items 1-1 of 1
-
Seghir, Abdelkrim; Torres Martínez, Juan Pablo (Springer, 2008)We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any ...