Asset Prices and Time-Varying Risk.

Observers have often characterized asset markets as being subject to periods of tranquility and periods of turbulence. Until recently, however, researchers were unable to produce closed-form asset pricing formulas in a model environment of time-varying risk. Some work by Abel provided us with the in...

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書目詳細資料
企業作者: International Monetary Fund
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1988.
叢編:IMF Working Papers; Working Paper ; No. 1988/042
在線閱讀:Full text available on IMF