Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 3 of 3 for “"Collateral constraint"”.
-
Essays in intangible capital reallocation, mergers and acquisitions and financial frictions
… evidence that tangible capital serves a collateral motive which intangible capital does not since in recessions, firms choose to reallocate intangible capital over tangible. I also show that in the last decade the correlation of tangible capital reallocation with GDP has decreased to a …
-
Essays on the Macroeconomic Effects of Imperfect Banking Competition and Other Financial Frictions
… features an agency problem that gives rise to collateral constraints. In the presence of a binding collateral constraint, imperfect banking competition is found to have an amplification effect on aggregate fluctuations after a contractionary monetary policy shock and adverse collateral shocks. …
-
Essays in Macroeconomics and Finance
… is an important mechanism for mitigating credit constraint-induced capital misallocation, yet this channel has been widely overlooked in the current macro-finance literature. This chapter demonstrates and quantifies this novel channel through a dynamic general equilibrium model, which features …