The Consequences of Short-Sale Constraints on the Stability of Financial Markets

• Main Author: Hunanyan, Gevorg (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2019.
• Edition: 1st ed. 2019.
• Series: Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management,
• Subjects: Economic theory.; Macroeconomics.; Financial engineering.; Economic Theory/Quantitative Economics/Mathematical Methods.; Macroeconomics/Monetary Economics//Financial Economics.; Financial Engineering.

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....