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Consumer Default, Credit Reporting and Borrowing Constraints

Garmaise, Mark J. - 2016

Why do negative credit events lead to long-term borrowing constraints? Exploiting banking regulations in Peru and utilizing currency movements, we show that consumers who face a credit rating downgrade due to bad luck experience a three-year reduction in financing. Consumers respond to the shock...

Persistent link: https://www.econbiz.de/10012978257

Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy

Céspedes, Luis Felipe - 2012

collateral constraints, and uses the model to study unconventional policies such as credit facilities and foreign exchange …

Persistent link: https://www.econbiz.de/10012460229

Bankruptcy and Collateral in Debt Constrained Markets

Kehoe, Timothy J. - 2006

Typical models of bankruptcy and collateral rely on incomplete asset markets. In fact, bankruptcy and collateral add … and Levine (2001) can be implemented in a model with bankruptcy and collateral. The equilibrium allocation is constrained … a model with bankruptcy and collateral is fragile in the sense of Leijonhufvud's "corridor of stability," however: If …

Persistent link: https://www.econbiz.de/10012466005

Liquidity, capital pledgeability and inflation redistribution

Boel, Paola; Díaz, Julián P.; Finocchiaro, Daria - 2021

Persistent link: https://www.econbiz.de/10012694873

House prices and rents : a reappraisal

Achou, Bertrand; Albis, Hippolyte d’; Iliopulos, Eleni - 2021

Persistent link: https://www.econbiz.de/10012621424

Capital taxation with heterogeneous discounting and collateralized borrowing

Biljanovska, Nina; Vardoulakis, Alexandros P. - In: Journal of macroeconomics 60 (2019), pp. 97-109

Persistent link: https://www.econbiz.de/10012242591

Public debt structure and liquidity provision

Gomez-Gonzalez, Patricia - In: Journal of international economics 117 (2019), pp. 51-60

Persistent link: https://www.econbiz.de/10012295774

Are the liquidity and collateral roles of asset bubbles different?

Clain-Chamosset-Yvrard, Lise; Raurich-Puigdevall, Xavier; … - 2020

Persistent link: https://www.econbiz.de/10012387173

Optimal policy in collateral constrained economies

Biljanovska, Nina - In: Macroeconomic dynamics 23 (2019) 2, pp. 798-836

Persistent link: https://www.econbiz.de/10012126636

Securitization and aggregate investment efficiency

Mirza, Afrasiab; Stephens, Eric - 2016

This paper studies the welfare properties of competitive equilibria in an economy with incomplete markets subject to idiosyncratic and aggregate shocks. We focus on the role of securitization, whereby borrowers can reduce idiosyncratic asset risk, which enables increased leverage and investment....

Persistent link: https://www.econbiz.de/10012010374