Equilibrium with limited-recourse collateralized loans by Juan Pablo Torres-Martínez and Rubén Poblete-Cazenave
Material type:
- text
- unmediated
- volume
- 0938-2259
- HB119 ECO
Reviews from LibraryThing.com:
Holdings: Journal Article
We address a general equilibrium model with limited-recourse collateralized loans. Borrowers are burden to constitute physical collateral guarantees, which are repossessed in case of default and delivered to the associated lenders. In addition, lenders may receive payments over collateral values, since debtor's wealth (physical and financial) can be garnished when commitments are not fully honored. The reimbursement of resources is proportional to the size of claims
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