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Browsing ADEMU Working Papers Series by Subject "Financing constraints"

Browsing ADEMU Working Papers Series by Subject "Financing constraints"

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  • Cui, Wei, 1970-; Kaas, Leo (2017-05)
    Recessions are often accompanied by spikes of corporate default and prolonged declines of business credit. This paper argues that credit and default cycles are the outcomes of variations in self-fulfilling beliefs about ...
  • Cui, Wei, 1970-; Radde, Soeren (2017-05)
    We develop a search-theory of asset market liquidity which gives rise to endogenous financing constraints in an otherwise standard dynamic general equilibrium model. Asset liquidity describes the ease of issuance and ...

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