Collateralized Assets And Asymmetric Information

Myrian Petrassi () and Juan Pablo Torres-Martinez ()
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Myrian Petrassi: Department of Economics, PUC-Rio

No 539, Textos para discussão from Department of Economics PUC-Rio (Brazil)

Abstract: Introducing assets backed by physical collateral, we extend the Cornet and De Boisdeffre (2002) model of asymmetric information to allow for default. We show that, independently of the financial-informational structure, equilibrium exists.

Keywords: Asymmetric information; Default; Collateral. (search for similar items in EconPapers)
JEL-codes: D50 D52 (search for similar items in EconPapers)
Date: 2007-03
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Journal Article: Collateralized assets and asymmetric information (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:rio:texdis:539

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