Limited Risk Transfer Between Investors: A New Benchmark for Macro-Finance Models
收藏NBER2025-01-01 更新2025-01-11 收录
下载链接：
https://www.nber.org/papers/w33336
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资源简介：
We define risk transfer as the percent change in the market risk exposure for a group of investors over a given period. We estimate risk transfer using novel data on U.S. investors' portfolio holdings, flows, and returns at the security level with comprehensive coverage across asset classes and
提供机构：
美国国家经济研究局
创建时间：
2025-01-01
