Leverage and Default in Binomial Economies: A Complete Characterization
Work
Year: 2015
Type: article
Abstract: Our paper provides a complete characterization of leverage and default in binomial economies with financial assets serving as collateral.First, our Binomial No-Default Theorem states that any equilibr... more
Source: Econometrica
Authors Ana Fostel, John Geanakoplos
Cites: 31
Cited by: 82
Related to: 10
FWCI: 13.03
Citation percentile (by year/subfield): 99.99
Subfield: Finance
Domain: Social Sciences
Open Access status: green