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A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10003936616
The inaccuracy of the Black-Scholes formula arises from two aspects: the formula is for European options while most …
Persistent link: https://www.econbiz.de/10009443000