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Year of publication
Subject
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Coexistence puzzle 1 Interest-bearing asset 1 Intermediary cost 1 coexistence puzzle 1 interest-bearing asset 1 intermediary cost 1
Online availability
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Free 1 Undetermined 1
Type of publication
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Article 1 Book / Working Paper 1
Language
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English 1 Undetermined 1
Author
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Kim, Young Sik 2 Lee, Manjong 2
Institution
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Institute of Economic Research, Korea University 1
Published in...
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Discussion Paper Series / Institute of Economic Research, Korea University 1 Economics Letters 1
Source
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RePEc 2
Showing 1 - 2 of 2
Cover Image
Intermediary Cost and Coexistence Puzzle
Kim, Young Sik; Lee, Manjong - Institute of Economic Research, Korea University - 2011
The coexistence puzzle is explained via an interaction between intermediary cost and uncertainty on consumption trade. If the trade opportunity as a buyer is more likely to arise, ex-ante net return on bond at the margin would be negative up to a certain amount of transaction and, therefore,...
Persistent link: https://www.econbiz.de/10009132724
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Cover Image
Intermediary cost and coexistence puzzle
Kim, Young Sik; Lee, Manjong - In: Economics Letters 117 (2012) 1, pp. 142-145
The coexistence puzzle is explained via an interaction between intermediary cost and uncertainty with regards to consumption trade. If a trade opportunity as a buyer is more likely to arise, ex-ante net return on bond at the margin would be negative up to a certain amount of transactions and,...
Persistent link: https://www.econbiz.de/10010580541
Saved in:
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