A Model of Credit Risk, Optimal Policies, and Asset Prices

Preprint

1 January 2001

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.261868

Abstract

This article studies an economy with borrowers (firms or individuals) under costly default. Borrowers defaulting under adverse economic conditions may, despite

Keywords

SSRN
A MODEL OF CREDIT RISK
OPTIMAL POLICIES
AND ASSET PRICES
SULEYMAN BASAK
ALEX SHAPIRO

All Related Versions

Version 1, 2002-01-01, RePEc (Unconfirmed version)

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