Multiple Equilibria in Open Economies with Collateral Constraints

DOI10.1093/restud/rdaa023zbMath1481.91112OpenAlexW3024602339MaRDI QIDQ5022578

Stephanie Schmitt-Grohé, Martín Uribe

Publication date: 19 January 2022

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1093/restud/rdaa023

zbMATH Keywords

multiple equilibriacollateral constraintscapital controlspecuniary externalitiessudden stopoverborrowingself-fulfilling financial crisesunderborrowing

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Financial networks (including contagion, systemic risk, regulation) (91G45)

Related Items (1)

Deterministic debt cycles in open economies with flow collateral constraints

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