Currency options

L. Scott, M. CHESNEY

Finanzmarkt und Portfolio Management, Bern

1989, vol. 3, n°4, pp.271-279

Départements : Finance

International risk sharing and capital flows

B. SOLNIK, M. Brennan

Journal of International Money and Finance

septembre 1989

Départements : Finance

Under certain assumptions, Pareto-efficient risk sharing implies that changes in consumption across nations will be perfectly correlated. This result leads to an indicator of the welfare loss due to imperfect sharing of consumption risks across nations. This indicator is used to evaluate the welfare implications of restrictions on various components of the international capital flow, holding constant other components of the flow and domestic investment. We find that variability in national consumption growth rates would have been considerably greater if capital flows had been restricted, and that welfare would have been reduced significantly

Intertemporal Equilibrium and Disadvantageous Growth


European Economic Review

1989, n°33

Départements : Finance

L'intégration financière européenne et le coût de financement des entreprises françaises


La Revue du Financier

octobre 1989, n°71

Départements : Finance

Optimal Filtering of the Aerosol Scattering Profiles during Spaceborne Laser Sounding while in IR Region

G. Glazov, G. Igonin, D. LESHCHINSKII

Issled Zemli iz Kosmosa

1989, n°3

Départements : Finance

Pricing European Currency Options: a comparison of the modified Black-Scholes Model and a Randon Variance Model

L. Scott, M. CHESNEY

Journal of Financial and Quantitative Analysis

septembre 1989

Départements : Finance

Two-person Dynamic Equilibrium in the Capital Market


Review of Financial Studies

1989, vol. 2, n°2

Départements : Finance