On the Amplification Role of Collateral Constraints

Caterina Mendicino

No 1013, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: This paper explores the role of inefficiencies in the debt enforcement procedures for the amplification of productivity and credit market shocks. We argue that the magnitude of amplification crucially depends on the fraction of the asset used as a collateral in the credit market.

Date: 2009
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Related works:
Journal Article: On the amplification role of collateral constraints (2012)
Working Paper: On the amplification role of collateral constraints (2011)
Working Paper: On the Amplification Role of Collateral Constraints (2008)
Working Paper: On the amplification role of collateral constraints (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:1013

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