From cash-in-the-market pricing to financial fragility

被引:47
作者
Allen, F [1 ]
Gale, D
机构
[1] Univ Penn, Philadelphia, PA 19104 USA
[2] NYU, New York, NY 10012 USA
关键词
D O I
10.1162/1542476054473044
中图分类号
F [经济];
学科分类号
02 ;
摘要
We review some recent research that explores the relationship between asset-price volatility and financial fragility when markets and contracts are incomplete.
引用
收藏
页码:535 / 546
页数:12
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