Financial innovation, precautionary saving and the risk-free rate

DOI10.1016/0304-4068(95)00768-7zbMATH Open0880.90005OpenAlexW2089382551MaRDI QIDQ1361910FDOQ1361910

Authors: Ronel Elul 

Publication date: 28 July 1997

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(95)00768-7

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zbMATH Keywords

incomplete marketsfinancial innovationprecautionary saving

Mathematics Subject Classification ID

Cites Work

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• Differential Topology
• Competitive equilibrium with incomplete financial markets
• Pareto improving financial innovation in incomplete markets
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• Equilibrium asset prices with undiversifiable labor income risk
• Equilibrium in economies with incomplete financial markets
• Stochastic equilibria with incomplete financial markets
• Welfare-improving financial innovation with a single good
• Financial market innovation and security design: An introduction
• Welfare effects of financial innovation in incomplete markets economies with several consumption goods
• Existence of competitive equilibrium with incomplete markets
• On the Disaggregation of Excess Demand Functions

Cited In (4)

• Technological innovations and the interest rate
• Incomplete markets and volatility
• A computational study on general equilibrium pricing of derivative securities
• Monetary transaction costs and the term premium

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