Le prix de l'argent
Auteur : Auteur inconnu
Date de publication : 1996
Éditeur : Non disponible
Nombre de pages : Non disponible
Résumé du livre
Characterises the dynamics of capital mobility, and estimates the coefficient of relative risk aversion. As cross-border flows of capital respond to differences in expected real yield, perfect capital mobility differentials will reflect variation in asset risk profiles. Uses an asset pricing model to demonstrate that risk premium is a function of wealth and relative supply of outside assets.