國立高雄大學圖資館 |

語系: 繁體中文

說明(常見問題)

圖資館首頁

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

The consequences of short-sale const...

Hunanyan, Gevorg.

The consequences of short-sale constraints on the stability of financial markets

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The consequences of short-sale constraints on the stability of financial marketsby Gevorg Hunanyan.
作者:	Hunanyan, Gevorg.
出版者:	Wiesbaden :Springer Fachmedien Wiesbaden :2019.
面頁冊數:	xv, 117 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
標題:	Short selling (Securities)
電子資源:	https://doi.org/10.1007/978-3-658-27956-1
ISBN:	9783658279561$q(electronic bk.)

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. - Wiesbaden :Springer Fachmedien Wiesbaden :2019. - xv, 117 p. :ill., digital ;24 cm. - 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 Universitat Kaiserslautern at the Chair of Macroeconomics.

ISBN: 9783658279561$q(electronic bk.)

Standard No.: 10.1007/978-3-658-27956-1doiSubjects--Topical Terms:

756030
Short selling (Securities)

LC Class. No.: HG6041 / .H863 2019

Dewey Class. No.: 332.632

The consequences of short-sale constraints on the stability of financial markets
LDR:02453nmm a2200337 a 4500 001 567994
003 DE-He213
005 20200120101934.0
006 m d
007 cr nn 008maaau
008 200611s2019 gw s 0 eng d
020 $a 9783658279561$q(electronic bk.)
020 $a 9783658279554$q(paper)
024 7 $a 10.1007/978-3-658-27956-1 $2 doi
035 $a 978-3-658-27956-1
040 $a GP $c GP
041 0 $a eng
050 4 $a HG6041 $b .H863 2019
072 7 $a KCA $2 bicssc
072 7 $a BUS069030 $2 bisacsh
072 7 $a KCA $2 thema
082 0 4 $a 332.632 $2 23
090 $a HG6041 $b .H931 2019
100 1 $a Hunanyan, Gevorg. $3 853603
245 1 4 $a The consequences of short-sale constraints on the stability of financial markets $h [electronic resource] / $c by Gevorg Hunanyan.
260 $a Wiesbaden : $b Springer Fachmedien Wiesbaden : $b Imprint: Springer Gabler, $c 2019.
300 $a xv, 117 p. : $b ill., digital ; $c 24 cm.
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 Universitat Kaiserslautern at the Chair of Macroeconomics.
650 0 $a Short selling (Securities) $3 756030
650 1 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 731081
650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 731063
650 2 4 $a Financial Engineering. $3 744568
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
830 0 $a Finanzwirtschaft, banken und bankmanagement i finance, banks and bank management. $3 853604
856 4 0 $u https://doi.org/10.1007/978-3-658-27956-1
950 $a Economics and Finance (Springer-41170)