Adriano A. Rampini and S. Viswanathan are at Duke University. We thank Michael Fishman, Denis Gromb, Jeremy Stein, two referees, and the Acting Editor, as well as Amil Dasgupta, Douglas Diamond, Emmanuel Farhi, Alexander Gümbel, Yaron Leitner, Christine Parlour, Guillaume Plantin, David Scharfstein, David Skeie, René Stulz, and seminar participants at the Federal Reserve Bank of New York, Southern Methodist, Duke, Michigan State, INSEAD, Vienna, Stockholm School of Economics, Mannheim, Illinois, Zürich, British Columbia, Toronto, Minnesota, ETH Zürich, Ohio State, Columbia, Maryland, Washington University in St. Louis/the Federal Reserve Bank of St. Louis, Collegio Carlo Alberto, the European University Institute, the Jackson Hole Finance Group, the University of Chicago GSB conference “Beyond Liquidity: Modeling Frictions in Finance and Macroeconomics,” the 2008 Basel Committee/CEPR/JFI conference, the Paul Woolley Centre conference at LSE, the 2008 North American Summer Meeting of the Econometric Society, the 2008 SED Meeting, the 2008 NBER Summer Institute in Capital Markets and the Economy, the 2008 Minnesota Workshop in Macroeconomic Theory, the 2008 Washington University Conference on Corporate Finance, the 2008 Conference of Swiss Economists Abroad, the 2009 AEA Meeting, the European Winter Finance Conference, and the 2009 FIRS Conference for helpful comments and Wei Wei for research assistance. This paper was previously circulated under the title “Collateral, Financial Intermediation, and the Distribution of Debt Capacity.”
Collateral, Risk Management, and the Distribution of Debt Capacity
Version of Record online: 9 NOV 2010
© 2010 the American Finance Association
The Journal of Finance
Volume 65, Issue 6, pages 2293–2322, December 2010
How to Cite
RAMPINI, A. A. and VISWANATHAN, S. (2010), Collateral, Risk Management, and the Distribution of Debt Capacity. The Journal of Finance, 65: 2293–2322. doi: 10.1111/j.1540-6261.2010.01616.x
- Issue online: 9 NOV 2010
- Version of Record online: 9 NOV 2010
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