Les Cahiers de Recherche - HEC Paris
Controlling price volatility through financial innovation
() and Karl SCHMEDDERS
Abstract: In this paper, the authors study the possibility of
controlling asset price volatility through financial innovation in a
three-period finite competitive exchange economy with incomplete financial
markets and retrading.
Keywords: incomplete markets; financial innovation; volatility; (follow links to similar papers)
JEL-Codes: C60; D52; G10; (follow links to similar papers)
42 pages, January 1, 2002
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