Imperfect Information and Investor Heterogeneity in the Bond Market is popular PDF and ePub book, written by Frank Riedel in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Imperfect Information and Investor Heterogeneity in the Bond Market can be Read Online from any device for your convenience.
Imperfect Information and Investor Heterogeneity in the Bond Market Book PDF Summary
Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.
Detail Book of Imperfect Information and Investor Heterogeneity in the Bond Market PDF
- Author : Frank Riedel
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642576638
- Genre : Business & Economics
- Total Page : 119 pages
- Language : English
- PDF File Size : 19,7 Mb
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