Title of article :
Asset pricesandliquidityinanexchangeeconomy
Author/Authors :
Ricardo Lagos، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Pages :
18
From page :
913
To page :
930
Abstract :
An asset-pricingmodelisdeveloped,inwhichfinancialassetsarevaluedfortheir liquidity—theextenttowhichtheyareusefulinfacilitatingexchange—aswellasforbeing claims tostreamsofconsumptiongoods.Thetheoryisusedtostudytheimplicationsof this liquiditychannelforaverageassetreturns,theequity-premiumpuzzleandthe risk-freeratepuzzle
Journal title :
Journal of Monetary Economics
Serial Year :
2010
Journal title :
Journal of Monetary Economics
Record number :
846438
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846438
بازگشت