Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium

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Capital Regulation in a Macroeconomic Model with Three Layers of Default (2014, neutral): “20See Geanakoplos (2003) for a discussion of the ex post optimality of this type of behavior by the borrower, and Goodhart et al. (2012) for an extension to the analysis of mortgage contracts backed by housing collateral.”
Collateral Equilibrium: A Basic Framework (2014, neutral): “6”
Deciphering the Liquidity and Credit Crunch 2007-08 (2009, neutral): “In Bernanke and Gertler (1989) and Fisher (1933) lending standards deteriorate, in Geanakoplos (2003) margins increase during crises. selection of assets.”
Leverage Cycles and the Anxious Economy (2008, background): “Let us extend the previous model to allow for heterogeneous agents.”
Liquidity and Financial Market Runs (2002, neutral): “Geanakoplos (2001) embeds collateral crises into a broader model. fear by investors of liquidity shocks, the assumption of payoff externalities, and the assumption that a “lender of last resort” can earn money and/or prevent the run.”