On the Scholes Liquidation Problem
收藏NBER2009-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15381
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资源简介：
How should an investor unwind a portfolio in the face of recurring and uncertain liquidity needs? We propose a model of portfolio liquidation in two periods to investigate this question, initially posed by Myron Scholes following the fall of Long Term Capital Management. We show that when the
提供机构：
美国国家经济研究局
创建时间：
2009-09-01
