Browsing by Subject "Collateralized assets"
Now showing items 1-3 of 3
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(Springer-Verlag, 2013)We address a general equilibrium model with limited-recourse collateralized loans and securitization of debts. Each borrower is required to pledge physical collateral, and bankruptcy is filed against him if claims are ...
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(Universidad de Chile, Facultad de Economía y Negocios, 2008)When infinite-lived agents trade long-lived assets secured by durable goods, equilibrium exists without any additional debt constraints or uniform impatience conditions on agents' characteristics. Also, regardless of ...
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(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 ...