Title of article :
What kind of new asset will push up the CML?
Author/Authors :
Zhang، نويسنده , , Bo، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Abstract :
This paper is to give a necessary and sufficient condition for the CML to be push up after a new asset is introduced into the capital market which improves the result in Cox et al. [Astin Bull. 30 (1) (2000) 157].
Keywords :
CAPM , CML , securitization , Insurance risk , No-arbitrage
Journal title :
Insurance Mathematics and Economics
Journal title :
Insurance Mathematics and Economics