Levine, Ross - Federal Reserve Board (Board of Governors of the … - 1986
This paper develops an intertemporal, international asset pricing model for use in applied theoretical and empirical …'s fundamental dynamic nature. The model is shown to be consistent with the domestic-general equilibrium asset pricing models of Cox …, Ingersoll, and Ross (1985) and Brock (1982). The model is applied to pricing forward exchange, and an empirically tractable …