Liquidity and Asset Prices: A Unified Framework
收藏NBER2009-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15215
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资源简介：
We examine how liquidity and asset prices are affected by the following market imperfections: asymmetric information, participation costs, transaction costs, leverage constraints, non-competitive behavior and search. Our model has three periods: agents are identical in the first, become
提供机构：
美国国家经济研究局
创建时间：
2009-08-01
