Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/176022 
Year of Publication: 
2007
Series/Report no.: 
Texto para discussão No. 539
Publisher: 
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia, Rio de Janeiro
Abstract: 
Introducing assets backed by physical collateral, we extend the Cornet and De Boisdeffre (2002) model of asymmetric information to allow for default. We show that, independently of the financial-informational structure, equilibrium exists.
Subjects: 
Asymmetric information
Default
Collateral.
JEL: 
D50
D52
Document Type: 
Working Paper

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