Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012538276
Persistent link: https://www.econbiz.de/10012538284
Persistent link: https://www.econbiz.de/10012283190
Persistent link: https://www.econbiz.de/10012283199
An agent can invest in a high-yield bond and a low-yield bond, holding either long or short positions in either asset. Any movement of money between these two assets incurs a transaction cost proportional to the size of the transaction. the low-yield bond is liquid in the sense that wealth...
Persistent link: https://www.econbiz.de/10008521999
Persistent link: https://www.econbiz.de/10012095187
Persistent link: https://www.econbiz.de/10005193370