Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125991917> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W3125991917 abstract "We develop a simple model of defaultable debt and rational bubbles in the price of an asset, which can be pledged as collateral in a competitive credit pool. When the asset pledgeability is low, the down payment is high, and bubble investment is unleveraged, as in a standard rational bubble model. When the pledgeability is high, the down payment is low, making it easier for leveraged borrowers to invest in the bubbly asset. As loans are packaged together into a competitive pool, the pricing of individual default risk may facilitate risk-taking. In equilibrium, credit-constrained borrowers may optimally choose a risky leveraged investment strategy ? borrow to invest in the bubbly asset and default if the bubble bursts. The model predicts joint boom-bust cycles in asset prices and securitized credit." @default.
- W3125991917 created "2021-02-01" @default.
- W3125991917 creator A5074736700 @default.
- W3125991917 creator A5090740801 @default.
- W3125991917 date "2018-04-19" @default.
- W3125991917 modified "2023-09-27" @default.
- W3125991917 title "Asset Pledgeability and Endogenously Leveraged Bubbles" @default.
- W3125991917 hasPublicationYear "2018" @default.
- W3125991917 type Work @default.
- W3125991917 sameAs 3125991917 @default.
- W3125991917 citedByCount "0" @default.
- W3125991917 crossrefType "posted-content" @default.
- W3125991917 hasAuthorship W3125991917A5074736700 @default.
- W3125991917 hasAuthorship W3125991917A5090740801 @default.
- W3125991917 hasConcept C10138342 @default.
- W3125991917 hasConcept C107966889 @default.
- W3125991917 hasConcept C120527767 @default.
- W3125991917 hasConcept C127413603 @default.
- W3125991917 hasConcept C141441539 @default.
- W3125991917 hasConcept C144133560 @default.
- W3125991917 hasConcept C162324750 @default.
- W3125991917 hasConcept C17744445 @default.
- W3125991917 hasConcept C181236170 @default.
- W3125991917 hasConcept C199539241 @default.
- W3125991917 hasConcept C201543015 @default.
- W3125991917 hasConcept C27548731 @default.
- W3125991917 hasConcept C2777910564 @default.
- W3125991917 hasConcept C2778929795 @default.
- W3125991917 hasConcept C38652104 @default.
- W3125991917 hasConcept C41008148 @default.
- W3125991917 hasConcept C556758197 @default.
- W3125991917 hasConcept C76178495 @default.
- W3125991917 hasConcept C87717796 @default.
- W3125991917 hasConcept C94625758 @default.
- W3125991917 hasConceptScore W3125991917C10138342 @default.
- W3125991917 hasConceptScore W3125991917C107966889 @default.
- W3125991917 hasConceptScore W3125991917C120527767 @default.
- W3125991917 hasConceptScore W3125991917C127413603 @default.
- W3125991917 hasConceptScore W3125991917C141441539 @default.
- W3125991917 hasConceptScore W3125991917C144133560 @default.
- W3125991917 hasConceptScore W3125991917C162324750 @default.
- W3125991917 hasConceptScore W3125991917C17744445 @default.
- W3125991917 hasConceptScore W3125991917C181236170 @default.
- W3125991917 hasConceptScore W3125991917C199539241 @default.
- W3125991917 hasConceptScore W3125991917C201543015 @default.
- W3125991917 hasConceptScore W3125991917C27548731 @default.
- W3125991917 hasConceptScore W3125991917C2777910564 @default.
- W3125991917 hasConceptScore W3125991917C2778929795 @default.
- W3125991917 hasConceptScore W3125991917C38652104 @default.
- W3125991917 hasConceptScore W3125991917C41008148 @default.
- W3125991917 hasConceptScore W3125991917C556758197 @default.
- W3125991917 hasConceptScore W3125991917C76178495 @default.
- W3125991917 hasConceptScore W3125991917C87717796 @default.
- W3125991917 hasConceptScore W3125991917C94625758 @default.
- W3125991917 hasLocation W31259919171 @default.
- W3125991917 hasOpenAccess W3125991917 @default.
- W3125991917 hasPrimaryLocation W31259919171 @default.
- W3125991917 hasRelatedWork W1264301823 @default.
- W3125991917 hasRelatedWork W1741275736 @default.
- W3125991917 hasRelatedWork W1902981457 @default.
- W3125991917 hasRelatedWork W2062259885 @default.
- W3125991917 hasRelatedWork W2112166821 @default.
- W3125991917 hasRelatedWork W2162695720 @default.
- W3125991917 hasRelatedWork W2186985190 @default.
- W3125991917 hasRelatedWork W2358273748 @default.
- W3125991917 hasRelatedWork W2392855583 @default.
- W3125991917 hasRelatedWork W2469712162 @default.
- W3125991917 hasRelatedWork W2902761075 @default.
- W3125991917 hasRelatedWork W2980230745 @default.
- W3125991917 hasRelatedWork W3044594773 @default.
- W3125991917 hasRelatedWork W3121247079 @default.
- W3125991917 hasRelatedWork W3123197018 @default.
- W3125991917 hasRelatedWork W3123799652 @default.
- W3125991917 hasRelatedWork W3124786516 @default.
- W3125991917 hasRelatedWork W3125574217 @default.
- W3125991917 hasRelatedWork W3121164387 @default.
- W3125991917 hasRelatedWork W3122753667 @default.
- W3125991917 isParatext "false" @default.
- W3125991917 isRetracted "false" @default.
- W3125991917 magId "3125991917" @default.
- W3125991917 workType "article" @default.