Asset Returns with Transactions Cost and Uninsured Risk: A Stage III Exercise
收藏NBER1990-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3481
下载链接
链接失效反馈官方服务：
资源简介：
(iii) Transaction velocities are much higher for liquid assets than for stocks, specifically, we explore the extent to which incorporating an explicit motive for holding liquid assets can explain the above observations. We introduce a demand for liquid assets by adding uninsured individual risk
提供机构：
美国国家经济研究局
创建时间：
1990-10-01
