Language:
English
繁體中文
Help
Login
Back
Switch To:
Labeled
|
MARC Mode
|
ISBD
The Consequences of Short-Sale Const...
~
Hunanyan, Gevorg.
The Consequences of Short-Sale Constraints on the Stability of Financial Markets
Record Type:
Language materials, printed : Monograph/item
Title/Author:
The Consequences of Short-Sale Constraints on the Stability of Financial Markets/ by Gevorg Hunanyan.
Author:
Hunanyan, Gevorg.
Description:
XV, 117 p. 24 illus.online resource. :
Contained By:
Springer Nature eBook
Subject:
Economic theory. -
Online resource:
https://doi.org/10.1007/978-3-658-27956-1
ISBN:
9783658279561
The Consequences of Short-Sale Constraints on the Stability of Financial Markets
Hunanyan, Gevorg.
The Consequences of Short-Sale Constraints on the Stability of Financial Markets
[electronic resource] /by Gevorg Hunanyan. - 1st ed. 2019. - XV, 117 p. 24 illus.online resource. - Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management,2524-6429. - Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management,.
Portfolio Selection -- CAPM Equilibrium -- Dynamic Model -- Security Market Line.
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. Contents Portfolio Selection CAPM Equilibrium Dynamic Model Security Market Line Target Groups Researchers and students in the fields of financial engineering, mathematics, microeconomics, macroeconomics and business sciences Practitioners in the fields of banking, insurance, (political) consulting The Author Gevorg Hunanyan completed his doctoral dissertation under the supervision of Prof. Dr. Jan Wenzelburger at the Technische Universität Kaiserslautern at the Chair of Macroeconomics.
ISBN: 9783658279561
Standard No.: 10.1007/978-3-658-27956-1doiSubjects--Topical Terms:
809881
Economic theory.
LC Class. No.: HB1-846.8
Dewey Class. No.: 330.1
The Consequences of Short-Sale Constraints on the Stability of Financial Markets
LDR
:02777nam a22003975i 4500
001
1013591
003
DE-He213
005
20200701031238.0
007
cr nn 008mamaa
008
210106s2019 gw | s |||| 0|eng d
020
$a
9783658279561
$9
978-3-658-27956-1
024
7
$a
10.1007/978-3-658-27956-1
$2
doi
035
$a
978-3-658-27956-1
050
4
$a
HB1-846.8
072
7
$a
KCA
$2
bicssc
072
7
$a
BUS069030
$2
bisacsh
072
7
$a
KCA
$2
thema
082
0 4
$a
330.1
$2
23
100
1
$a
Hunanyan, Gevorg.
$e
author.
$4
aut
$4
http://id.loc.gov/vocabulary/relators/aut
$3
1307857
245
1 4
$a
The Consequences of Short-Sale Constraints on the Stability of Financial Markets
$h
[electronic resource] /
$c
by Gevorg Hunanyan.
250
$a
1st ed. 2019.
264
1
$a
Wiesbaden :
$b
Springer Fachmedien Wiesbaden :
$b
Imprint: Springer Gabler,
$c
2019.
300
$a
XV, 117 p. 24 illus.
$b
online resource.
336
$a
text
$b
txt
$2
rdacontent
337
$a
computer
$b
c
$2
rdamedia
338
$a
online resource
$b
cr
$2
rdacarrier
347
$a
text file
$b
PDF
$2
rda
490
1
$a
Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management,
$x
2524-6429
505
0
$a
Portfolio Selection -- CAPM Equilibrium -- Dynamic Model -- Security Market Line.
520
$a
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. Contents Portfolio Selection CAPM Equilibrium Dynamic Model Security Market Line Target Groups Researchers and students in the fields of financial engineering, mathematics, microeconomics, macroeconomics and business sciences Practitioners in the fields of banking, insurance, (political) consulting The Author Gevorg Hunanyan completed his doctoral dissertation under the supervision of Prof. Dr. Jan Wenzelburger at the Technische Universität Kaiserslautern at the Chair of Macroeconomics.
650
0
$a
Economic theory.
$3
809881
650
0
$a
Macroeconomics.
$3
554837
650
0
$a
Financial engineering.
$3
591542
650
1 4
$a
Economic Theory/Quantitative Economics/Mathematical Methods.
$3
1069071
650
2 4
$a
Macroeconomics/Monetary Economics//Financial Economics.
$3
1069052
650
2 4
$a
Financial Engineering.
$3
1107684
710
2
$a
SpringerLink (Online service)
$3
593884
773
0
$t
Springer Nature eBook
776
0 8
$i
Printed edition:
$z
9783658279554
776
0 8
$i
Printed edition:
$z
9783658279578
830
0
$a
Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management,
$x
2524-6429
$3
1281773
856
4 0
$u
https://doi.org/10.1007/978-3-658-27956-1
912
$a
ZDB-2-ECF
912
$a
ZDB-2-SXEF
950
$a
Economics and Finance (SpringerNature-41170)
950
$a
Economics and Finance (R0) (SpringerNature-43720)
based on 0 review(s)
Multimedia
Reviews
Add a review
and share your thoughts with other readers
Export
pickup library
Processing
...
Change password
Login