Risk Neutrality and the Two-Tier Foreign Exchange Market : Evidence from Belgium.
In this paper we develop and test a model of a utility maximizing representative agent operating in the Belgium-Luxembourg two-tier foreign exchange market. Our tests examine and fail to reject a risk neutral representative agent utility function. When we combine a risk neutral utility function with...
| Korporativna značnica: | |
|---|---|
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 1989/083 |
| Online dostop: | Full text available on IMF |