The Consequences of Short Sale Constraints on the Stability of Financial Markets

This book PDF is perfect for those who love Business & Economics genre, written by Gevorg Hunanyan and published by Springer Nature which was released on 05 October 2019 with total hardcover pages 117. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related The Consequences of Short Sale Constraints on the Stability of Financial Markets books below.

The Consequences of Short Sale Constraints on the Stability of Financial Markets
The Consequences of Short Sale Constraints on the Stability of Financial Markets
Author : Gevorg Hunanyan
File Size : 51,5 Mb
Publisher : Springer Nature
Language : English
Release Date : 05 October 2019
ISBN : 9783658279561
Pages : 117 pages
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The Consequences of Short Sale Constraints on the Stability of Financial Markets by Gevorg Hunanyan Book PDF Summary

Gevorg Hunanyan develops a model that provides a comprehensive theoretical framework to study the consequences of short-sale constraints on the stability of financial markets. This model shows that overpricing of securities is solely attributable to the subjective second moment beliefs of investors. Thus, short-sale constraints prevent a market decline only if investors have low dispersion of beliefs, which in the model is embodied in the covariance matrix. Moreover, the author analyses the consequences of short-sale constraints on the investor’s portfolio selection, risk-taking behaviour as well as default probability. The author develops criteria that allow to analyse the effectiveness of short-sale constraints in reducing portfolio risk as well as default risk.

The Consequences of Short Sale Constraints on the Stability of Financial Markets

The Consequences of Short Sale Constraints on the Stability of Financial Markets by Gevorg Hunanyan

Gevorg Hunanyan develops a model that provides a comprehensive theoretical framework to study the consequences of short-sale constraints on the stability of financial markets. This model shows that overpricing of securities is solely attributable to the subjective second moment beliefs of investors. Thus, short-sale constraints prevent a market decline only

Get Book
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