Economic Theory
SCOPUS (1991-2025)SSCI-ISI
1432-0479
Cơ quản chủ quản: Springer New York , SPRINGER
Lĩnh vực:
Economics and Econometrics
Phân tích ảnh hưởng
Các bài báo tiêu biểu
Collateral equilibrium, I: a basic framework
Tập 56 - Trang 443-492 - 2013
Much of the lending in modern economies is secured by some form of collateral:
residential and commercial mortgages and corporate bonds are familiar examples.
This paper builds an extension of general equilibrium theory that incorporates
durable goods, collateralized securities, and the possibility of default to
argue that the reliance on collateral to secure loans and the particular
collateral re...