Money and Collateral

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2020
Volume: 52
Issue: 7
Pages: 1617-1644

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper presents a model in which collateralized monetary loans are essential as trading instruments. Money and private debt collateralized by real assets complement each other as allocative tools in an environment with informational and commitment limitations. Public debt may play a socially beneficial role when collateral is scarce.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:52:y:2020:i:7:p:1617-1644
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25