The Collateral Link between Volatility and Risk Sharing
收藏NBER2020-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28119
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资源简介：
We show that aggregate volatility affects the extent to which agents can share idiosyncratic risks through the valuation of collateral. Both private and public assets are used in insurance markets as collateral, but their exposure to volatility differs. While aggregate volatility decreases the value
提供机构：
美国国家经济研究局
创建时间：
2020-11-01
