Equilibrium with default-dependent credit constraints

We state an infinite horizon sequential markets model with real assets in positive net supply and subject to credit risk. By introducing default-dependent borrowing constraints, we show the existence of equilibrium.

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Year of publication:	2007-03
Authors:	Garcia, Emma Moreno ; Torres-Martinez, Juan Pablo
Institutions:	Departamento de Economia, Pontifícia Universidade Católica do Rio de Janeiro
Subject:	Equilibrium \| Infinite horizon incomplete markets \| Infinite-lived real assets

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Extent:	application/pdf
Series:	Textos para discussão.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 540 14 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005744615