Leverage and default in binomial economies : a complete characterization

by Ana Fostel and John Geanakoplos

Year of publication:	November 2015
Authors:	Fostel, Ana ; Geanakoplos, John
Published in:	Econometrica : journal of the Econometric Society, an international society for the advancement of economic theory in its relation to statistics and mathematics. - [Wechselnde Erscheinungsorte] : [Wechselnde Verlage], ISSN 0012-9682, ZDB-ID 1798-X. - Vol. 83.2015, 6, p. 2191-2229
Subject:	Endogenous leverage \| default \| collateral equilibrium \| financial asset \| binomial economy \| LTV \| diluted leverage \| down risk \| Kapitalstruktur \| Capital structure \| Theorie \| Theory \| Kreditsicherung \| Collateral \| Kreditrisiko \| Credit risk \| Insolvenz \| Insolvency \| Risiko \| Risk \| Portfolio-Management \| Portfolio selection \| Fremdkapital \| Debt financing \| Allgemeines Gleichgewicht \| General equilibrium