Essays on financial frictions, collateral and default

<p>The first model of my thesis introduces a monetary Real Business Cycle model with incomplete markets, a durable good, collateralized securities and endogenous default. We establish that equilibria are inefficient since agents underinvest due to the existence of endogenous default. Moreover,...

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Detalhes bibliográficos
Autor principal: Romanidis, N
Outros Autores: Tsomocos, D
Formato: Thesis
Idioma:English
Publicado em: 2020