A Note on Synchronization Risk and Delayed Arbitrage

This note reexamines Abreu and Brunnermeier's (2003) analysis of a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk.

MoreLess

Year of publication:	2006
Authors:	Sakawa, Hideaki ; Watanabel, Naoki
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 7.2006, 7, p. 1-12
Publisher:	AccessEcon

More details

Extent:	application/pdf
Type of publication:	Article
Classification:	G1 - General Financial Markets ; G0 - Financial Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110646