| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24415 |
| 来源ID | Working Paper 24415 |
| Intermediary Asset Pricing and the Financial Crisis | |
| Zhiguo He; Arvind Krishnamurthy | |
| 发表日期 | 2018-03-19 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | "Intermediary asset pricing'' understands asset prices and risk premia through the lens of frictions in financial intermediation. Perhaps motivated by phenomena in the financial crisis, intermediary asset pricing has been one of the fastest growing areas of research in finance. This article explains the theory behind intermediary asset pricing and in particular how it is different from other approaches to asset pricing. The article also covers selective empirical evidence in favor of intermediary asset pricing. |
| 主题 | Macroeconomics ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w24415 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582089 |
| 推荐引用方式 GB/T 7714 | Zhiguo He,Arvind Krishnamurthy. Intermediary Asset Pricing and the Financial Crisis. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24415.pdf（831KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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