Browsing Trinity Business School (Scholarly Publications) by Subject "Investment"
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Exogenous Liquidity Supply in Presence of Repudiation Risk and Private Asset Recovery
(2003)Current paper proposes an extension of the seminal model by Holmstrom Tirole (1997) of the exogenous liquidity supply in presence of moral hazard to the case that includes private asset recovery under the limited liability ... -
Project Contingent Repudiation Risk in the Model of North-South Lending
(2004)The present model proposes an extension of the Gertler and Rogoff (1990) model of international lending in the presence of moral hazard and the possibility of state-contingent and project-dependent repudiation risk along ...