On the Gains to International Trade in Risky Financial Assets

Topics:
Import Export,
Tariffs
Tags:
Asset,
Asset Management,
Business Operations,
Financial,
Operational Planning
Source:
National Bureau of Economic Research

FREE Registration is required

Vendor Registration: $ Paid Download

Overview: This paper develops and implements a framework for quantifying the gains to international trade in risky financial assets. The framework can handle many agents, many assets, incomplete markets and limited participation in asset markets. It delivers closed-form analytic solutions for consumption, portfolio allocations, asset prices and the gains to trade. It finds enormous gains to trade when asset returns are calibrated to observed risk premia and all agents participate in asset markets. The gains-to-trade puzzle is closely related to, but distinct from, the equity premium puzzle.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 563KB | Date: Jul 2000 | Pages: 63

Top results from Tariffs

White Paper The Division and Size of Gains from Liberalization of Service Networks
White Paper The Mechanisms of Market Inefficiency: An Introduction to the New Finance
White Paper Ending The “Chicken War” : The Case For Abolishing The 25 Percent Truck Tariff
White Paper America’s Bittersweet Sugar Policy
White Paper Negotiations On Agriculture

» View all Tariffs listings

Top results from Import Export

White Paper The Scoop on the New CCNA and CCNP Specializations
White Paper Coming Home To Roost Proliferating Antidumping Laws And The Growing Threat To U.S. Exports
White Paper America’s Record Trade Deficit: A Symbol Of Economic Strength
White Paper Nailing The Homeowner: The Economic Impact Of Trade Protection Of The Softwood Lumber Industry
White Paper Rethinking The Export-Import Bank

» View all Import Export listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).