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The Consequences of Short-Sale Constraints on the Stability of Financial Markets
Engelsk
Bogcover for The Consequences of Short-Sale Constraints on the Stability of Financial Markets af Gevorg Hunanyan, 9783658279554
Specifikationer
Sprog:
Engelsk
Sider:
117
ISBN-13:
9783658279554
Indbinding:
Paperback
ISBN-10:
3658279559
Udg. Dato:
10 okt 2019
Størrelse i cm:
24,0 x 16,8
Oplagsdato:
10 okt 2019
Forfatter(e):

The Consequences of Short-Sale Constraints on the Stability of Financial Markets

Engelsk
Paperback 2019
Format:

Bog beskrivelse
Gevorg Hunanyan develops a model that provides a comprehensive theoretical framework to study the consequences of short-sale constraints on the stability of financial markets. This model shows that overpricing of securities is solely attributable to the subjective second moment beliefs of investors. Thus, short-sale constraints prevent a market decline only if investors have low dispersion of beliefs, which in the model is embodied in the covariance matrix. Moreover, the author analyses the consequences of short-sale constraints on the investor''s portfolio selection, risk-taking behaviour as well as default probability. The author develops criteria that allow to analyse the effectiveness of short-sale constraints in reducing portfolio risk as well as default risk.
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Specifikationer
Sprog:
Engelsk
Sider:
117
ISBN-13:
9783658279554
Indbinding:
Paperback
ISBN-10:
3658279559
Udg. Dato:
10 okt 2019
Størrelse i cm:
24,0 x 16,8
Oplagsdato:
10 okt 2019
Forfatter(e):
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