Search Results - subject:"Collateral constraints"

Sectoral bubbles, misallocation, and endogenous growth

Miao, Jianjun; Wang, Pengfei - In: Journal of Mathematical Economics 53 (2014) C, pp. 153-163

credit-driven stock price bubbles. Bubbles have a credit easing effect in that they relax collateral constraints and improve …

Persistent link: https://www.econbiz.de/10010931620

Expectation driven business cycles with limited enforcement

Walentin, Karl - In: Economics Letters 124 (2014) 2, pp. 300-303

We explore shocks to expected future productivity in a model with limited enforcement of financial contracts. A microfounded collateral constraint implies that good news about future productivity yield an increase in stock prices, available credit and a general economic expansion.

Persistent link: https://www.econbiz.de/10010933285

Growth and financial liberalization under capital collateral constraints: The striking case of the stochastic AK model with CARA preferences

Boucekkine, R.; Fabbri, G.; Pintus, P. - In: Economics Letters 122 (2014) 2, pp. 303-307

We consider a small-open, collateral-constrained AK economy. We show that the combination of CARA preferences and uncertainty on capital inflows generates long-term growth while the deterministic counterpart does not: long-term growth is entirely driven by precautionary savings, and the...

Persistent link: https://www.econbiz.de/10010743702

Margin regulation and volatility

Brumm, Johannes; Grill, Michael; Kubler, Felix; … - 2014

general equilibrium in finite-horizon economy with heterogeneous agents and collateral constraints. There are two assets in … presence of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have …

Persistent link: https://www.econbiz.de/10010258788

Growth and financial liberalization under capital collateral constraints : the striking case of the stochastic AK model with CARA preferences

Boucekkine, Raouf; Fabbri, Giorgio; Pintus, Patrick A. - In: Economics letters 122 (2014) 2, pp. 303-307

Persistent link: https://www.econbiz.de/10010395113

Why the housing sector leads the whole economy : the importance of collateral constraints and news shocks

Ren, Yun; Yuan, Yufei - In: The journal of real estate finance and economics 48 (2014) 2, pp. 323-341

Persistent link: https://www.econbiz.de/10010396116

Financial market heterogeneity : implications for the EMU

Gareis, Johannes; Mayer, Eric - In: International journal of applied economics and … 22 (2014) 4, pp. 39-60

Persistent link: https://www.econbiz.de/10010396222

Housing collateral and the monetary transmission mechanism

Walentin, Karl - In: The Scandinavian journal of economics 116 (2014) 3, pp. 635-668

Persistent link: https://www.econbiz.de/10010419893

Risk, external adjustment and capital flows

Evans, Martin D. D. - In: Journal of international economics 92 (2014), pp. 68-93

Persistent link: https://www.econbiz.de/10010491995

The effects of the saving and banking glut on the US economy

Justiniano, Alejandro; Primiceri, Giorgio E.; … - In: Journal of international economics 92 (2014), pp. 52-67

Persistent link: https://www.econbiz.de/10010491998