Speculation and Risk Sharing with New Financial Assets
收藏NBER2011-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17506
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资源简介：
While the traditional view of financial innovation emphasizes the risk sharing role of new financial assets, belief disagreements about these assets naturally lead to speculation, which represents a powerful economic force in the opposite direction. This paper investigates the effect of financial
金融创新的传统视角着重强调新型金融资产的风险分担职能，但市场参与者对这类资产的信念分歧自然会催生投机行为，而投机代表了一股与风险分担方向截然相反的强劲经济力量。本文旨在探究金融
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
