Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089390 | Journal of Banking & Finance | 2013 | 17 Pages |
Abstract
⺠We develop a model for the unified valuation of all forms of real asset financing. ⺠We consider contingent claims on the collateral asset and credit of the obligor. ⺠The real asset model is estimated on the data for commercial aircraft. ⺠The financing model is calibrated to Enhanced Equipment Trust Certificates. ⺠Repossession delays and costs play a key role in asset financing valuation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Steven Golbeck, Vadim Linetsky,