search query: @author Ramchand, L. / total: 3
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Author: | Ramchand, L. |
Title: | Asset pricing in open economies with incomplete markets: the case of the Asian Crisis |
Journal: | Journal of International Money and Finance
1999 : DEC, VOL. 18:6, p. 871-890 |
Index terms: | FINANCE OPEN ECONOMY ECONOMICS |
Language: | eng |
Abstract: | This paper extends the incomplete markets model in Constantinides and Duffie (1991). Asset Pricing with Heterogenous Consumers: Good News and Bad News. Manuscript. University of Chicago) to a two-country, two-goods framework adding another dimension to heherogeneity. The paper combines the heterogenous agent economy specified in Constantinides and Duffie with Cobb Douglas preferences as in Cole and Obstfeld (1991). |
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