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) which monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that is a direct generalization of the standard general equil...
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| Main Authors: | , , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Munich
Univ., Center for Economic Studies
2014
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| Series: | CESifo working paper series Empirical and theoretical methods
4602 |
| In: |
CESifo working papers (4602)
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| Online Access: |
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| Author Notes: | Jürgen Eichberger ; Klaus Rheinberger ; Martin Summer |
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