Browsing Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications by Author "Bengui, Julien"

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  • Asset pledgeability and endogenously leveraged bubbles 

    Bengui, Julien; Phan, Toan (Université de Montréal. Département de sciences économiques., 2018-06)
    We develop a simple model of defaultable debt and rational bubbles in the price of an asset, which can be pledged as collateral in a competitive credit pool. When the asset pledgeability is low, the down payment is high, and bubble investment is ...

  • Liquidity traps, capital flows 

    Acharya, Sushant; Bengui, Julien (Université de Montréal. Département de sciences économiques., 2015-12-17)
    Motivated by debates surrounding international capital flows during the Great Recession, we conduct a positive and normative analysis of capital flows when a region of the global economy experiences a liquidity trap. Capital flows reduce inefficient ...