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Persistent link: https://www.econbiz.de/10005073591
We explore price dynamics in a `cash in the market' asset pricing model, where the price of an asset is the ratio of the amount of cash chasing the asset to the available supply of the asset. Traders base their current trading strategies on their beliefs about future cash inflows/outflows in the...
Persistent link: https://www.econbiz.de/10005102303