The collateral channel under imperfect debt enforcement
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DOI: 10.1016/j.euroecorev.2018.10.004
Abstract: Does a country’s ability to enforce debt contracts affect the sensitivity of economic activity to collateral values? To answer this question, we introduce a novel industry-specific measure of real asset redeployability - the ease with… read more here.
Keywords: debt; collateral values; enforcement; collateral channel ... See more keywords