The Choice Channel of Financial Innovation
收藏NBER2015-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21686
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资源简介：
Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice affects investors savings and asset returns. We establish a choice channel by which greater portfolio choice increases investors savingsby enabling them to earn the aggregate risk premium or to
提供机构：
美国国家经济研究局
创建时间：
2015-11-01
