G12 - Asset Pricing; Trading volume; Bond Interest Rates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:41:55+00:00Collateral and Credit Supply
https://www.bankofcanada.ca/2003/04/working-paper-2003-11/
The author examines the role of collateral in an environment where lenders and borrowers possess identical information and similar beliefs about its future value. Using option-pricing techniques, he shows that a secured loan contract is equivalent to a regular bond and an embedded option to the borrower to default.2003-04-01T12:40:59+00:00enCollateral and Credit Supply2003-04-01Credit and credit aggregatesEconomic modelsWorking Paper 2003-11https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-11.pdfCollateral and Credit SupplyJoseph Atta-MensahApril 2003EE5E51GG1G11G12G13