The Equilibrium Distributions of Value for Risky Stocks and Bonds PDF
By:Mr. Ron Johannes
Published on 2001-04-01 by International Monetary Fund
Within a unified theory for stocks and corporate bonds, based on dynamic optimization by investors, this paper derives analytical expressions for the momentary distributions of expected price, respectively known to approximate lognormal with systematic deviations (high peak, fat tail) and double exponential (for credit risk). Market equilibrium is regarded as a dynamic equilibrium characterized by a time-invariant probability distribution over microfinancial states, marginal redistributions of portfolios are regarded as indistinguishable, and real and fiat assets are regarded as essentially distinct. The formalism provides a basis for decomposing value changes by market fundamentals, investor sentiment, and investor acquisition of securities.
This Book was ranked at 21 by Google Books for keyword Stocks.
Book ID of The Equilibrium Distributions of Value for Risky Stocks and Bonds's Books is 14x3micB-WwC, Book which was written byMr. Ron Johanneshave ETAG "fdKQFcgs/WA"
Book which was published by International Monetary Fund since 2001-04-01 have ISBNs, ISBN 13 Code is 9781451893175 and ISBN 10 Code is 1451893175
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "35 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
Download The Equilibrium Distributions of Value for Risky Stocks and Bonds PDF Free
Download The Equilibrium Distributions of Value for Risky Stocks and Bonds Books Free
Download The Equilibrium Distributions of Value for Risky Stocks and Bonds Free
Download The Equilibrium Distributions of Value for Risky Stocks and Bonds PDF
Download The Equilibrium Distributions of Value for Risky Stocks and Bonds Books
No comments:
Post a Comment