Article ID Journal Published Year Pages File Type
5060478 Economics Letters 2012 7 Pages PDF
Abstract
► Amplification role of collateral constraints crucially depends on collateral value lost in debt enforcement procedures. ► Costly debt enforcement generates sizable amplification and persistence. ► Debt enforcement effect is independent from other parameters.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the amplification role of collateral constraints
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