Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10005081470
Persistent link: https://www.econbiz.de/10005117532
Persistent link: https://www.econbiz.de/10005112206
Persistent link: https://www.econbiz.de/10005112325
Persistent link: https://www.econbiz.de/10005081522
Persistent link: https://www.econbiz.de/10005146119
Persistent link: https://www.econbiz.de/10005153321
A recent literature shows how an increase in volatility reduces leverage. However, in order to explain pro-cyclical leverage it assumes that bad news increases volatility, that is, it assumes an inverse relationship between first and second moments of asset returns. This paper suggests a reason...
Persistent link: https://www.econbiz.de/10010572379
This introduces the symposium on general equilibrium.
Persistent link: https://www.econbiz.de/10010572387