The optimal exclusion length of borrowers after default

被引：0
|
作者：
Krause, Andreas [1 ]
机构：
[1] Univ Bath, Dept Econ, Claverton Down, Bath BA2 7AY, England
来源：
ECONOMICS LETTERS | 2022年 / 220卷
关键词：
Strategic default; Financial exclusion; Imperfect information; Borrowing;
D O I：
10.1016/j.econlet.2022.110881
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We determine the optimal exclusion from borrowing to avoid strategic default. The optimal length is smaller if borrowers are less risky, have higher returns, markets are more competitive, deposit rates are low, and the more patient market participants are.(c) 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
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页数：4
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