Credit risk in general equilibrium
This paper contributes to the literature on default in general equilibrium. Borrowing and lending takes place via a clearing house (bank) that monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that is a direct generalization of the standard general equili...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
14 June 2014
|
| In: |
Economic theory
Year: 2014, Jahrgang: 57, Heft: 2, Pages: 407-435 |
| ISSN: | 1432-0479 |
| DOI: | 10.1007/s00199-014-0822-2 |
| Online-Zugang: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1007/s00199-014-0822-2
|
| Verfasserangaben: | Jürgen Eichberger, Klaus Rheinberger, Martin Summer |
Search Result 1
Search Result 2
Search Result 3
Search Result 4
Search Result 5
