(Photo by Tian Ye/Visual China Group via Getty Images) “When people look at this, they look for fundamental reasons to explain it, but there are no fundamental reasons.” - A Professor of Finance at ...
We construct the Volatility Financial Conditions Index (VFCI) as the component of the market price of risk spanned by financial assets. We write a no-arbitrage model with general preferences to show ...
The efficient market hypothesis theory states that the market prices securities fairly and efficiently, and investors are unable to outperform the market consistently. Moreover, EMH theory proposes ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback