Browsing by Keyword "Collateral"
Now showing items 1-15 of 15
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A alienação fiduciária de marcas em garantia e os requisitos de legitimidade e universalidade da Lei 9.279/96
2018-08-22O presente trabalho visa contribuir para a solução de questões inerentes à implementação de transações cujas obrigações estão, total ou parcialmente, garantidas por marcas, mediante alienação fiduciária, mais especificamente ... -
Bubbles, collateral and monetary equilibrium
2006-04-01Consider an economy where infinite-lived agents trade assets collateralized by durable goods. We obtain results that rule out bubbles when the additional endowments of durable goods are uniformly bounded away from zero, ... -
Collateral, default penalties and almost finite-time solvency
2008-03-04We argue that it is possible to adapt the approach of imposing restrictions on available plans through finitely effective debt constraints, introduced by Levine and Zame (1996), to encompass models with default and collateral. ... -
Competitive equilibria in infinite-horizon collateralized economies with default penalties
2010-03-16Araújo, Páscoa and Torres-Martinez (2002) have shown that, without imposing either debt constraints or transversality conditions, Ponzi schemes are ruled out in infinite horizon economies with default when collateral is ... -
The Eaton-Gersovitz-Arellano environment with collateral
2014-04-30In this article I introduce collateralization in the Eaton-Gersovitz-Arellano environment. In my paper, collateral can be understood as Foreign Direct Investment. I find that collateral increases the equilibrium levels of ... -
Endogenous debt constraints in collateralized economies with default penalties
2011-06-30In infinite horizon financial markets economies, competitive equilibria fail to exist if one does not impose restrictions on agents' trades that rule out Ponzi schemes. When there is limited commitment and collateral ... -
Equilibrium with default and endogenous collateral
2000-01We study a two-period general equilibrium model with incomplete asset markets and default. We make collateral endogenous by allowing each seller of assets to fix the level of collateral. Sellers are required to provide ... -
An essay on loan forbearance
2019-05-30Reestruturação é uma concessão feita por um banco a um tomador de recursos em decorrência de dificuldade financeira. Este trabalho examina porque e quando empréstimos bancários são reestruturados, utilizando uma nova base ... -
Garantias de crédito rural no Brasil: acesso, condições e inadimplência
2022Este estudo investiga a associação entre os tipos de garantia e a inadimplência em operações de crédito bancário. Mais especificamente, estudamos o desempenho da inadimplência de empréstimos da carteira de crédito rural ... -
General equilibrium, preferences and financial institutions after the crisis
2015-02The study is a review of some recent papers in general equilibrium that can be viewed as efforts to better understand the recent financial crisis. We begin by proposing a new set of preferences inspired by the new decision ... -
Harsh default penalties lead to Ponzi schemes: a counterexample
2012-05Pascoa and Seghir (2009) presented two examples to show that in the presence of utility penalties for default, collateral requirements do not always eliminate the occurrence of Ponzi schemes and equilibria may fail to ... -
Liquidity constraints and collateral crises
2018-05-16Asset-backed securities were widely traded. Arguably, this happened because they were complicated claims, in the sense that it was very costly to assess their fundamental value. Here, we show that if this is the case, then ... -
On Ponzi schemes in infinite horizon collateralized economies with default penalties
2011-06-30Araujo, Páscoa and Torres-Martínez (2002) showed that, without imposing any debt constraint, Ponzi schemes are ruled out in infinite horizon economies with limited commitment when collateral is the only mechanism that ... -
Regulating collateral-requirements when markets are incomplete
2012-03In this paper we examine the effects of default and collateral on risk sharing. We assume that there is a large set of assets which all promise a risk less payoff but which distinguish themselves by their collateral ... -
Statistical arbitrage with default and collateral
2010-07This paper studies the implications of the absence of statistical arbitrage opportunities in a two-period incomplete market economy where default is allowed but there are collateral requirements. Modified versions of the ...
