The Eaton-Gersovitz-Arellano environment with collateral
In 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 defaultable debt and, at the same time, avoids the use of default. Restriction...
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| Tipo de recurso: | tesis de maestría |
| Estado: | Versión publicada |
| Fecha de publicación: | 2014 |
| País: | Brasil |
| Institución: | Fundação Getulio Vargas (FGV) |
| Repositorio: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.fgv.br:10438/11787 |
| Acceso en línea: | https://hdl.handle.net/10438/11787 |
| Access Level: | acceso abierto |
| Palabra clave: | Sovereign debt Default Colateral Dívida soberana Collateral Inadimplência (Finanças) Dívida Externa Investimentos estrangeiros Economia Dívida externa |
| Sumario: | In 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 defaultable debt and, at the same time, avoids the use of default. Restrictions of collateral leads to higher use of default in equilibrium. |
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