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Equilibrium with limited-recourse collateralized loans

Poblete-Cazenave, Rubén; Torres-Martínez, Juan Pablo - Departamento de Economía, Facultad de Economía y Negocios - 2010

We address a general equilibrium model with limited-recourse collateralized loans. Borrowers are burden to constitute physical collateral guarantees, which are repossessed in case of default and delivered to the associated lenders. In addition, lenders may receive payments over collateral...

Persistent link: https://www.econbiz.de/10008553091

Equilibrium with limited-recourse collateralized loans

Poblete-Cazenave, Rubén; Torres-Martínez, Juan Pablo - In: Economic theory : official journal of the Society for … 53 (2013) 1, pp. 181-211

Persistent link: https://www.econbiz.de/10009745721

Wealth transfers and the role of collateral when lifetimes are uncertain

Seghir, Abdelkrim; Torres-Martinez, Juan Pablo - 2006

We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.

Persistent link: https://www.econbiz.de/10011807351

Wealth transfers and the role of collateral when lifetimes are uncertain

Seghir, Abdelkrim; Torres-Martinez, Juan Pablo - Departamento de Economia, Pontifícia Universidade … - 2006

Persistent link: https://www.econbiz.de/10005744601

Long-lived collateralized assets and bubbles

Araujo, Aloisio; Pascoa, Mario Rui; Torres-Martinez, … - Departamento de Economia, Pontifícia Universidade … - 2007

When infinite lived agents trade long-lived assets secured by durable goods, equilibrium exists without any uniform impatience requirements or additional debt constraints. Asset pricing bubbles are absent when the new endowments of durable goods are uniformly bounded away from zero. Otherwise,...

Persistent link: https://www.econbiz.de/10005744645

Long-lived collateralized assets and bubbles

Araujo, Aloisio; Pascoa, Mário R.; Torres-Martínez, … - Departamento de Economía, Facultad de Economía y Negocios - 2010

When infinite-lived agents trade long-lived assets secured by durable goods, equilibrium exists without any additional debt constraints or uniform impatience conditions on agents' characteristics. Also, price bubbles are absent when physical endowments are uniformly bounded away from zero.

Persistent link: https://www.econbiz.de/10008553094

Collateralized assets prices and monetary policy

Arango, Mauricio - In: Revista de economía del Rosario 22 (2019) 2, pp. 155-185

Persistent link: https://www.econbiz.de/10012198858

The effect of corporate social responsibility and board gender diversity on bankruptcy : evidence from Korea

Nam, Hyun-Jung; An, Yohan - In: Asian Academy of Management journal 26 (2021) 2, pp. 53-74

bankruptcy. The core issue focuses on the moderating effect between CSR activities and board gender diversity on bankruptcy … endogenous. We find firms engaging more in CSR activities reduce the level of bankruptcy, but board gender diversity does not … reduce the level of bankruptcy due to tiny portion of female director in the boardroom. The moderating effect on the …

Persistent link: https://www.econbiz.de/10013286680

Identifying empty creditors with a shock and micro-data

Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021

Persistent link: https://www.econbiz.de/10013041117

Financial condition and bankruptcy likelihood in aviation on the example of the Aeroflot company

Faizuloyeva, Nargis; Olechowska, Karolina - In: Financial internet quarterly 17 (2021) 4, pp. 50-69

This study analyses theoretical aspects of bankruptcy and financial analysis. Analysis of bankruptcy diagnostics is the … availability and efficiency of the use of financial resources. The study of the institution of bankruptcy is essential for high …-quality business conduct. Thus, as a practical part this study implemented analyses of financial condition and bankruptcy likelihood in …

Persistent link: https://www.econbiz.de/10012990316