منابع مشابه
Collateral requirements and asset prices
Many assets derive their value not only from future cash flows but also from their ability to serve as collateral. In this paper, we investigate this collateral value and its impact on asset returns in an infinite-horizon general equilibrium model with heterogeneous agents facing collateral constraints for borrowing. We document that borrowing against collateral substantially increases the retu...
متن کاملMinimum asset requirements and compulsory liability insurance as solutions to the judgment-proof problem
Minimum asset and liability insurance requirements must often be met in order for parties to participate in potentially harmful activities. Such financial responsibility requirements may improve parties’ decisions whether to engage in harmful activities and, if so, their efforts to reduce risk. However, the requirements may undesirably prevent some parties with low assets from engaging in activ...
متن کاملPledging Requirements and Bank Asset Portfolios
Under state and Federal law, commercial banks are required to hold government securities as a reserve against government deposits. While these pledging requirements are potentially important links between the asset and liability sides of a bank's portfolio, they have largely been ignored in the professional literature. This omission cannot be justified even if pledging requirements have no effe...
متن کاملAsset Price Bubbles and the Case for Asset-Based Reserve Requirements
Challenge/May–June 2003 1 THOMAS PALLEY is director of the Globalization Reform Project at the Open Society Institute in Washington, DC. This paper was presented at a session of the Association for Evolutionary Economics held as part of the Allied Social Science Association meetings in Washington, DC, January 3–5, 2003. The views expressed in this paper are those of the author and not those of ...
متن کاملMinimum Requirements for Taxicab Security Cameras*
PROBLEM The homicide rate of taxicab-industry is 20 times greater than that of all workers. A NIOSH study showed that cities with taxicab-security cameras experienced significant reduction in taxicab driver homicides. METHODS Minimum technical requirements and a standard test protocol for taxicab-security cameras for effective taxicab-facial identification were determined. The study took more...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.362820