Artículos relacionados a Financial Risk: Theory, Evidence and Implications :...

Financial Risk: Theory, Evidence and Implications : Proceedings of the Eleventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis - Tapa dura

 
9780898382433: Financial Risk: Theory, Evidence and Implications : Proceedings of the Eleventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Tapa dura
ISBN 10: 0898382432 ISBN 13: 9780898382433
Editorial: Springer, 1988

Sinopsis

The Federal Reserve Bank held its Eleventh Annual Economic Policy Conference on November 14 and 15, 1986. The topic of the conference was Financial Risk: Theory, Evidence and Implications; this volume contains the papers and discussants’ comments that were presented at this conference. As the reader will note, these papers cover the broad aspects of financial risk, from some key general concepts to specific domestic and international financial risk problems. And, of equal importance, they provide some interesting insights into reasons for the continuing turmoil in domestic and international financial markets that we have witnessed in recent years. ix I RISK: A GENERAL OVERVIEW 1 DIFFERENCES OF OPINION IN FINANCIAL MARKETS Hal R. Varian The standard models of financial markets such as the Sharpe-Lintner mean­ variance model or the Rubinstein-Breeden-Litzenberger contingent con­ sumption model both assume more-or-Iess homogenous probability beliefs.! There has been some work on extending the mean-variance model to allow for differences in beliefs across agents; see Jarrow (1980), Lintner (1969), Mayshar (1983), and Williams (1977). Differences in beliefs in contingent commodities models have received much less attention. The major references are Rubinstein (1975, 1976a), Breeden and Litzenberger (1978), Hakansson et al. (1982), and Milgrom and Stokey (1982).

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

Proceedings of the Eleventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Reseña del editor

The Federal Reserve Bank held its Eleventh Annual Economic Policy Conference on November 14 and 15, 1986. The topic of the conference was Financial Risk: Theory, Evidence and Implications; this volume contains the papers and discussants' comments that were presented at this conference. As the reader will note, these papers cover the broad aspects of financial risk, from some key general concepts to specific domestic and international financial risk problems. And, of equal importance, they provide some interesting insights into reasons for the continuing turmoil in domestic and international financial markets that we have witnessed in recent years. ix I RISK: A GENERAL OVERVIEW 1 DIFFERENCES OF OPINION IN FINANCIAL MARKETS Hal R. Varian The standard models of financial markets such as the Sharpe-Lintner mean­ variance model or the Rubinstein-Breeden-Litzenberger contingent con­ sumption model both assume more-or-Iess homogenous probability beliefs.! There has been some work on extending the mean-variance model to allow for differences in beliefs across agents; see Jarrow (1980), Lintner (1969), Mayshar (1983), and Williams (1977). Differences in beliefs in contingent commodities models have received much less attention. The major references are Rubinstein (1975, 1976a), Breeden and Litzenberger (1978), Hakansson et al. (1982), and Milgrom and Stokey (1982).

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
Springer
Año de publicación
1988
Idioma
Inglés
ISBN 10 
0898382432
ISBN 13 
9780898382433
Encuadernación
Tapa dura
Número de páginas
248
Editor
Stone Courtenay
Contacto del fabricante
no disponible
Persona responsable
CMN Printpool Inh. Mathis Neumann
https://www.also.com/ec/cms5/en_6000/6000/index.jsp

Friedrich-Karl-Str. 9
Hamburg
Alemania