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Collateralized borrowing and life-cycle portfolio choice

Willen, Paul (contributor); Kubler, Felix (contributor) - 2006

We examine the effects of collateralized borrowing in a realistically parameterized life-cycle portfolio choice problem. We provide basic intuition in a two-period model and then solve a multi-period model computationally. Our analysis provides insights into life-cycle portfolio choice relevant...

Persistent link: https://www.econbiz.de/10003346703

Collateralized borrowing and life-cycle portfolio choice

Willen, Paul; Kubler, Felix - 2006

Persistent link: https://www.econbiz.de/10003338483

Collateralized Borrowing and Life-Cycle Portfolio Choice

Willen, Paul - 2010

Persistent link: https://www.econbiz.de/10012761325

Collateralized Borrowing and Life-Cycle Portfolio Choice

Willen, Paul - 2006

Persistent link: https://www.econbiz.de/10012466360

Liquidity and bankruptcy with incomplete markets : pure exchange

Dubey, Pradeep; Geanakoplos, John - 1989

Persistent link: https://www.econbiz.de/10000126430

Liquidity, default and crashes : endogenous contracts in general equilibrium

Geanakoplos, John - 2001

Persistent link: https://www.econbiz.de/10001609858

Liquidity, default, and crashes : endogenous contracts in general equilibrium

Geanakoplos, John - 2003

Persistent link: https://www.econbiz.de/10002011561

Liquidity, Default and Crashes : Endogenous Contracts in General Equilibrium

Geanakoplos, John - 2003

The possibility of default limits available liquidity. If the potential default draws nearer, a liquidity crisis may … endogenous contracts, including endogenous margin requirements on loans. This in turn allows GE to explain liquidity and … liquidity crises in equilibrium. A formal definition of liquidity is presented. When new information raises the probability and …

Persistent link: https://www.econbiz.de/10014125051

Bankruptcy and efficiency in a general equilibrium model with incomplete markets

Dubey, Pradeep; Geanakoplos, John; Shubik, Martin - 1988

Persistent link: https://www.econbiz.de/10000126425

Negative equity and foreclosure : theory and evidence

Foote, Christopher L.; Gerardi, Kristopher; Willen, Paul - 2008

Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds their home’s current market value. Our data show that the overwhelming majority of these households will not lose their homes. Our finding is consistent with historical evidence:...

Persistent link: https://www.econbiz.de/10003713655