//-->
Harsh default penalties lead to Ponzi schemes
Páscoa, Mário Rui, (2009)
On Ponzi schemes in infinite horizon collateralized economies with default penalties
Martins-da-Rocha, Victor Filipe, (2011)
Martins-da-Rocha, Victor Filipe, (2012)
Supplement to "On Ponzi schemes in infinite horizon collateralized economies with default penalties"
Endogenous debt constraints in collateralized economies with default penalties
Borrowing in excess of natural ability to repay
Martins-da-Rocha, Victor Filipe, (2017)