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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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1988/042 |
| Dostęp online: | Full text available on IMF |