haku: @author Ramchand, L. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Ramchand, L. |
| Otsikko: | Asset pricing in open economies with incomplete markets: the case of the Asian Crisis |
| Lehti: | Journal of International Money and Finance
1999 : DEC, VOL. 18:6, p. 871-890 |
| Asiasana: | FINANCE OPEN ECONOMY ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | 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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