International and domestic collateral constraints in a model of emerging market crises

By Ricardo J. Caballero, Arvind Krishnamurthy. 2001

770 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e746a19b3f7cbe1a890dd9b0b109b5ed474b50f8

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Citations in the corpus

Financial Intermediary Capital (2011, positive): “A model with two types of collateral constraints is also studied by Caballero and Krishnamurthy (2001) who consider international financing in a model in which firms can raise funds from domestic and international financiers subject to separate collateral constraints.”
On the Macroeconomics of Asset Shortages (2006, background): “These are the questions we address in Caballero and Krishnamurthy (2001, 2006a).”
Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations (2008, background): “(2001) and Caballero and Krishnamurthy (2001) for formal models of how depreciations can interact with credit constraints to cause large output contractions.”
Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices (2006, background): “…a small fraction of the economy ' s total capital , and ( 2 ) of this residual bmarketableQ portion of the capital stock , only a fraction may be busefulQ collateral for external borrowing due to institutional or contractual frictions ( see Caballero and Krishnamurthy , 2001 ; Paasche , 2001 ) .”
Credit Cycles Redux (2004, neutral): “{cit, kit, ait}t=0 maximize (1) subject to (2) and (3) given {pt, qt}t=0 and initial endowments ki0 and ai0 for i = 1, 2.”
Bubbles and Capital Flow Volatility: Causes and Risk Management (2006, positive): “Conditions (1) and (5) guarantee an interior solution to our problem.”
Overborrowing, Financial Crises and ‘Macro-Prudential’ Policy? (2011, neutral): “In particular, we study a pecuniary externality similar to those examined in the work of Caballero and Krishnamurthy (2001), Lorenzoni (2008), Stein (2012), and Korinek (2009), which arises because private agents do not internalize the amplification effects caused by financial constraints that…”
Financial Integration and Macroeconomic Volatility (2003, background): “Aghion, Banerjee, and Piketty (1999) and Caballero and Krishnamurthy (2001) construct models that establish theoretical links between low financial sector development and high output volatility.”
Exchange Rates and Monetary Policy in Emerging Market Economies (2004, positive): “(7) Equation (5) and (6) represent the Euler equation for the purchase of foreign- and domestic-currency bonds.”