Showing 1 - 10 of 46
Persistent link: https://www.econbiz.de/10003813948
Persistent link: https://www.econbiz.de/10003878351
We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier. Financial innovations facilitate hedging idiosyncratic risks among agents; however, aggregate risks can be hedged only with liquid assets. When risk-sharing is primitive, agents...
Persistent link: https://www.econbiz.de/10012611389
Persistent link: https://www.econbiz.de/10008729109
Persistent link: https://www.econbiz.de/10008939341
Persistent link: https://www.econbiz.de/10008992284
Persistent link: https://www.econbiz.de/10009558235
Persistent link: https://www.econbiz.de/10009522522
Persistent link: https://www.econbiz.de/10009745648
Persistent link: https://www.econbiz.de/10009690355