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Collateral restrictions and liquidity under-supply: a simple model

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Publication:926227
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DOI10.1007/s00199-007-0253-4zbMath1149.91031OpenAlexW2115565159MaRDI QIDQ926227

Ana Fostel, John D. Geanakoplos

Publication date: 26 May 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://cowles.yale.edu/sites/default/files/files/pub/d14/d1468-r.pdf


zbMATH Keywords

multipliernon-monotonicitycredit constraintcollateral equilibriumliquidity under-supplyoffsetting distortion


Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)


Related Items (9)

Inefficient liquidity provision ⋮ Partially revealing rational expectations equilibrium with real assets and binding constraints ⋮ Savings and default ⋮ The effects of dependent beliefs on endogenous leverage ⋮ Why does bad news increase volatility and decrease leverage? ⋮ Analysis of Bank Leverage via Dynamical Systems and Deep Neural Networks ⋮ Collateral premia and risk sharing under limited commitment ⋮ Optimal tranching with diverse beliefs ⋮ Salience, systemic risk and spectral risk measures as capital requirements



Cites Work

  • Flexibility and Uncertainty
  • Unnamed Item




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