LIQUIDATION OF AN INDIVISIBLE ASSET WITH INDEPENDENT INVESTMENT

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Forced Liquidation of an Investment Portfolio

This problem, which I call the Scholes liquidation problem, is ubiquitous during unstable financial periods. Indeed, in the recent financial crisis, banks incurred large losses during the forced contraction of their balance sheets, as access to short-term financing through repo markets dried up (e.g., Adrian and Shin 2008; Brunnermeier 2009). A systemic deleveraging process propagated through t...

متن کامل

The Influence of Housing Investment as an Asset Price Channel on Inflation

The housing market plays a significant role in the economies of countries, and as an asset price channel, is considered as one of the main channels for monetary transmission mechanism. Considering the structure of the country's economy and the characteristics of housing as a capital commodity, the assessment of the impact of housing investment on inflation is important. This research evaluates ...

متن کامل

estimate of investment risk in an asset portfolio in iran

criteria in household portfolio. to do this, the data which are related to the asset price are used including: bank deposit, bonds, stock, exchange, coin, land and housing in time period of 1997 to 2011. in this research, portfolio var id calculated in the confidence level of 90%, 95%, and 99% and in time periods of one year and 14 years. after calculating returns, return standard deviation, co...

متن کامل

Investment and liquidation in renegotiation-proof contracts with moral hazard

In a long-term contract with moral hazard, the liquidation of the firm can arise as the outcome of the optimal contract. However, if the future production capability or market opportunities remain unchanged, liquidation may not be free from renegotiation. Will the firm ever be liquidated if we allow for renegotiation? This paper shows that the firm can still be liquidated even though liquidatio...

متن کامل

Liquidation, Asset Prices and the Recycling Channel of Bank Lending

This paper investigates the e¤ects on the asset market of bank actions in dealing with their non-performing loans. It is demonstrated that liquidation of bad loans may not be as detrimental to asset prices as commonly argued, because funds recouped from liquidation can be recycled into new loans which support the asset market. While capital regulation protects the health of banks, it may limit ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Mathematical Finance

سال: 2016

ISSN: 0960-1627

DOI: 10.1111/mafi.12127