This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability … return. Further results on the form of contracts are also derived. -- managers ; risky decisions ; limited liability …

We study experimentally the protection of property in five widely distinct countries- Austria, Mexico, Mongolia, South …

identify two possible transmission channels from financial shocks to FDI: (i) a collateral channel, whereby changes in the … value of collateral affect investors’ ability to borrow; and (ii) a lending channel, whereby changes in bank health affect …

, collateral values, and debt limits. We show that the collateral premium of a durable asset will become the lowest right before a …

, individuals cannot commit to the use of collateral as a guarantee of repayment, and both lenders and borrowers have incentives to … macroeconomic models. We provide an explanation to the question of why assets are often used as collateral, rather than simply as a … collateral. …

Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …