Loan sales under asymmetric information
Loans are illiquid assets that can be sold in a secondary market even that buyers have no certainty about their quality. I study a model in which a lender has access to new investment opportunities when all her assets are illiquid. To raise funds, the lender may either borrow using her assets as col...
| Autor Principal: | |
|---|---|
| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Español (Spanish) |
| Publicado: |
Universidad del Rosario
2010
|
| Materias: | |
| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10829 |