Similar Search Results

An asymptotic theory of growth under uncertainty

Merton, Robert C. - In: The review of economic studies 42 (1975) 3, pp. 375-393

Persistent link: https://www.econbiz.de/10002482857

Lifetime portfolio selection under uncertainty : the continuous-time case

Merton, Robert C. - In: The review of economics and statistics 51 (1969) 3, pp. 247-257

Persistent link: https://www.econbiz.de/10002480649

Do a firm's equity returns reflect the risk of its pension plan?

Jin, Li; Merton, Robert C.; Bodie, Zvi - In: Journal of financial economics 81 (2006) 1, pp. 1-26

Persistent link: https://www.econbiz.de/10003340661

Systemic risk and the refinancing ratchet effect

Khandani, Amir E.; Lo, Andrew W.; Merton, Robert C. - 2009

Persistent link: https://www.econbiz.de/10003886384

Systemic risk and the refinancing ratchet effect

Khandani, Amir E.; Lo, Andrew W.; Merton, Robert C. - 2009 - This draft: September 13, 2009

Persistent link: https://www.econbiz.de/10003886469

Systemic risk and the refinancing ratchet effect

Khandani, Amir E.; Lo, Andrew W.; Merton, Robert C. - 2009 - This draft: September 13, 2009

The confluence of three trends in the U.S. residential housing market - rising home prices, declining interest rates, and near-frictionless refinancing opportunities - led to vastly increased systemic risk in the financial system. Individually, each of these trends is benign, but when they occur...