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Trade in Risky Assets

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NBER1987-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2403
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This paper develops a theory of the international trade pattern in risky assets by applying the law of comparative advantage to asset trade. According to this law there is a tendency for a country to import assets that have relatively high autarky prices. The autarky price of an asset is high if the
创建时间:
1987-10-01
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