The Consequences of Short-Sale Constraints on the Stability of Financial Markets

af

indgår i serie Finanzwirtschaft Banken und Bankmanagement I Finance Banks and Bank Management


The Consequences of Short-Sale Constraints on the Stability of Financial Markets
Format:
Bog, paperback
Udgivelsesdato:
10-10-2019
Sprog:
Engelsk
Udgave:
1st ed. 2019.
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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.

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Udgivelsesdato:
10-10-2019
ISBN13:
9783658279554
Vægt:
242 g
Bredde:
168 mm
Højde:
240 mm
Format:
Paperback
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  • Bibliotekernes beskrivelse

    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. The author develops criteria that allow to analyse the effectiveness of short-sale constraints in reducing portfolio risk as well as default risk. 1 Paperback / softback 24 Illustrations, black and white; XV, 117 p. 24 illus.

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The Consequences of Short-Sale Constraints on the Stability of Financial Markets

af

indgår i serie Finanzwirtschaft Banken und Bankmanagement I Finance Banks and Bank Management

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  • Forventet levering 20-11-2019

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