Stocks as Money: Convenience Yield and the Tech-Stock Bubble
收藏NBER2002-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8987
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资源简介：
What caused the rise and fall of tech stocks? I argue that a mechanism much like the transactions demand for money drove many stock prices above the 'fundamental value' they would have had in a frictionless market. I start with the Palm/3Com microcosm and then look at tech stocks in general. High
提供机构：
美国国家经济研究局
创建时间：
2002-06-01
