Pitfalls in inferring risk from financial market data [microform] / Robert R. Bliss.
This paper examines two qualitative rules of thumb, frequently invoked in discussions of bank regulatory policy. The first, that equity holders prefer more risk to less, derives from a result in option pricing theory, that an option's value increases monotonically with the riskiness of the unde...
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| Format: | Microfilm Book |
| Language: | English |
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[Chicago, IL] :
Federal Reserve Bank of Chicago,
2000.
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| Series: | Working paper series (Federal Reserve Bank of Chicago. Research Department) ;
WP-00-24. ASI microfiche library. Non-depository collection ; ASI 2001 9375-13.302. |
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Internet
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| Call Number: |
ASI 2001 9375-13.302
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| ASI 2001 9375-13.302 | Available |
Norlin Library - Government Information - Microform
| Call Number: |
ASI 2001 9375-13.302
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| ASI 2001 9375-13.302 | Restricted Place a Hold |