Flight to Quality and Collective Risk Management
收藏NBER2006-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12136
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资源简介：
We present a model of flight to quality episodes that emphasizes systemic risk and the Knightian uncertainty surrounding these episodes. Agents make risk management decisions with incomplete knowledge. They understand their own shocks, but are uncertain of how correlated their shocks are with
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美国国家经济研究局创建时间：
2006-04-01
