Arbitrage And The Expectations Hypothesis  

Oleh:

Longstaff, Francis A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 55 no. 2 (2000), page 989-994.
Topik: ARBITRAGE; securities markets; arbitrage; hypotheses; mathematical models; studies
Fulltext: p 989.pdf (51.16KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This paper shows that all traditional forms of the expectations hypothesis can be consistent with the absence of arbitrage if markets are incomplete. A key implication is that the validity of the expectations hypothesis is purely an empirical issue, the expectations hypothesis cannot be ruled out on a priori theoretical grounds.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali