Add to ORKGEither lending must be secured or otherwise some form of default or bankruptcy rules are required to provide a disincentive against strategic default. When many time periods are involved, the mere specification of a penalty which is sufficient for one period of trade, is not sufficient. The complete specification of even a two period game requires that both the treatment of creditors (including seniority conditions) and the nature of the rehabilitation of the debtor must be specified. This paper explores these problems
This dissertation comprises three self-contained essays in which I analyze the effects of consumer b...
(Excerpt) Although secured creditors use default interest rates to protect their security interest t...
This is the publisher's version, also available electronically from http://dx.doi.org/ 10.2202/1534-...
Either lending must be secured or otherwise some form of default or bankruptcy rules are required to...
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is u...
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is u...
to economic activity. The model, which includes agents that borrow and lend and a competitive credit...
This is a collection of four papers, which study a range of topics related to money and finance and ...
General financial models have become workhorse models in the fields of macroeconomics and finance. T...
General financial models have become workhorse models in the fields of macroeconomics and finance. T...
This thesis consists of four essays in the area of macro-finance and international finance in financ...
This thesis presents three essays on the field of personal bankruptcy. The research carried out is ...
Legislation dealing with consumer default has consistently struggled with an important trade-off: mo...
Legislation dealing with consumer default has consistently struggled with an important trade-off: mo...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
This dissertation comprises three self-contained essays in which I analyze the effects of consumer b...
(Excerpt) Although secured creditors use default interest rates to protect their security interest t...
This is the publisher's version, also available electronically from http://dx.doi.org/ 10.2202/1534-...
Either lending must be secured or otherwise some form of default or bankruptcy rules are required to...
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is u...
Closed exchange and production-and-exchange economies may have multiple equilibria, a fact that is u...
to economic activity. The model, which includes agents that borrow and lend and a competitive credit...
This is a collection of four papers, which study a range of topics related to money and finance and ...
General financial models have become workhorse models in the fields of macroeconomics and finance. T...
General financial models have become workhorse models in the fields of macroeconomics and finance. T...
This thesis consists of four essays in the area of macro-finance and international finance in financ...
This thesis presents three essays on the field of personal bankruptcy. The research carried out is ...
Legislation dealing with consumer default has consistently struggled with an important trade-off: mo...
Legislation dealing with consumer default has consistently struggled with an important trade-off: mo...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
This dissertation comprises three self-contained essays in which I analyze the effects of consumer b...
(Excerpt) Although secured creditors use default interest rates to protect their security interest t...
This is the publisher's version, also available electronically from http://dx.doi.org/ 10.2202/1534-...