Asset financing with credit risk

Benmelech, 2009, Collateral pricing, Journal of Financial Economics, 91, 339, 10.1016/j.jfineco.2008.03.003 Benmelech, 2011, Bankruptcy and the collateral channel, The Journal of Finance, 66, 337, 10.1111/j.1540-6261.2010.01636.x Bielecki, 2004 Black, 1976, The pricing of commodity contracts, Journal of Financial Economics, 3, 167, 10.1016/0304-405X(76)90024-6 Campello, 2012, The firm-level credit multiplier, Journal of Financial Intermediation, 21, 446, 10.1016/j.jfi.2012.02.001 Clapham, 2003, Rental expectations and the term structure of lease rates, Real Estate Economics, 31, 647, 10.1046/j.1080-8620.2003.00080.x Clewlow, L., Strickland, C., 1999. Valuing energy options in a one factor model fitted to forward prices. Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney. Duffie, 2008 Duffie, 2003 Eisfeldt, 2009, Leasing, ability to repossess, and debt capacity, Review of Financial Studies, 22, 16211657, 10.1093/rfs/hhn026 Gallin, 2008, The long-run relationship between house prices and rents, Real Estate Economics, 36, 635, 10.1111/j.1540-6229.2008.00225.x Gavazza, 2010, Asset liquidity and financial contracts: evidence from aircraft leases, Journal of Financial Economics, 95, 62, 10.1016/j.jfineco.2009.01.004 Giesecke, 2006, Credit contagion and aggregate losses, Journal of Economic Dynamics and Control, 30, 741, 10.1016/j.jedc.2005.01.004 Grenadier, 1996, Leasing and credit risk, Journal of Financial Economics, 42, 333, 10.1016/0304-405X(96)00882-3 Habib, 1999, The financing and redeployment of specific assets, The Journal of Finance, 54, 693, 10.1111/0022-1082.00122 Haubrich, J.G., Pennacchi, G., Ritchken, P., 2008. Estimating real and nominal term structures using treasury yields, inflation, inflation forecasts, and inflation swap rates. Technical Report. Federal Reserve Bank of Cleveland. Karatzas, 1991 Kenyon, 2001, Real options in leasing: the effect of idle time, Operations Research, 49, 675689, 10.1287/opre.49.5.675.10604 Kijima, 2004, On the term structure of lending interest rates when a fraction of collateral is recovered upon default, Japan Journal of Industrial and Applied Mathematics, 21, 35, 10.1007/BF03167431 Lando, 2004 Littlejohns, 1998 Marray, 1999, Repossession: delay is the name of the game, Airfinance Journal, 215, 34 McConnell, 1983, Valuation of asset leasing contracts, Journal of Financial Economics, 12, 497, 10.1016/0304-405X(83)90037-5 Miller, 1976, Leasing, buying, and the cost of capital services, Journal of Finance, 31, 761, 10.1111/j.1540-6261.1976.tb01922.x Morrell, 2001 Murphy, 1998, Export credit agency support Realdon, 2006, Pricing the credit risk of secured debt and financial leasing, Journal of Business Finance & Accounting, 33, 1298, 10.1111/j.1468-5957.2006.00619.x Schwartz, 1997, The stochastic behavior of commodity prices: implications for valuation and hedging, Journal of Finance, 52, 923, 10.1111/j.1540-6261.1997.tb02721.x Stanton, 2008, An empirical test of a contingent claims lease valuation model, Journal of Real Estate Research, 31, 1, 10.1080/10835547.2009.12091238 The Airline Monitor, 2010 23. Vasicek, 1977, An equilibrium characterization of the term structure, Journal of Financial Economics, 5, 177, 10.1016/0304-405X(77)90016-2