Inicio > Economía, finanzas, empresa y gestión > Economía > Macroeconomía > The Consequences of Short-Sale Constraints on the Stability of Financial Markets
The Consequences of Short-Sale Constraints on the Stability of Financial Markets

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

Gevorg Hunanyan

67,03 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2019
Materia
Macroeconomía
ISBN:
9783658279554
67,03 €
IVA incluido
Disponible

Selecciona una librería:

  • Librería Samer Atenea
  • Librería Aciertas (Toledo)
  • Kálamo Books
  • Librería Perelló (Valencia)
  • Librería Elías (Asturias)
  • Donde los libros
  • Librería Kolima (Madrid)
  • Librería Proteo (Málaga)
Sobre IBD

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.

Artículos relacionados

  • Introduction to Dynamic Macroeconomic General Equilibrium Models
    José Luis Torres Chacon
    This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those econo...
    Disponible

    61,40 €

  • International Education and the Next-Generation Workforce
    Wei Wang
    Education is the first stage in developing a viable, dynamic, and long-lived global economy. Unfortunately, in times of economic hardship, educational programs, teacher salaries, and extracurricular opportunities are often the first to be cut. International Education and the Next-Generation Workforce: Competition in the Global Economy presents a detailed discussion of present e...
  • Macroeconomic Policies of Developed Democracies
    Robert J Franzese Jr
    ...
  • End Of The Road
    Louis Holder
    This book is about the mismanagement of Western economies in pursuit of political power, which resulting devastation will have to be borne by future generations. The book establishes that postponement is no longer doable and lays out the hard choices ahead causing much misery and agony.Although not fully recognized because of masking by asset bubbles, which are spun/sold as in...
    Disponible

    16,42 €

  • The Darwin Economy
    Robert H. Frank
    What Charles Darwin can teach us about building a fairer societyWho was the greater economist-Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin will unseat Smith as the...
    Disponible

    22,42 €

  • Myth and Measurement
    Alan B. Krueger / David Card
    From David Card, winner of the Nobel Prize in Economics, and Alan Krueger, a provocative challenge to conventional wisdom about the minimum wageDavid Card and Alan B. Krueger have already made national news with their pathbreaking research on the minimum wage. Here they present a powerful new challenge to the conventional view that higher minimum wages reduce jobs for low-wage ...
    Disponible

    39,64 €