Atnaujintas knygų su minimaliais defektais pasiūlymas! Naršykite ČIA >>
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.
| Autorius: | Gevorg Hunanyan |
| Serija: | Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management |
| Leidėjas: | Springer Fachmedien Wiesbaden |
| Išleidimo metai: | 2019 |
| Knygos puslapių skaičius: | 136 |
| ISBN-10: | 3658279559 |
| ISBN-13: | 9783658279554 |
| Formatas: | 240 x 168 x 8 mm. Knyga minkštu viršeliu |
| Kalba: | Anglų |
Parašykite atsiliepimą apie „The Consequences of Short-Sale Constraints on the Stability of Financial Markets“
