Temporary financial equilibrium

DOI10.1007/S00199-002-0256-0MaRDI QIDQ1865190zbMATH OpenOpenAlexFDO

Authors Yves Balasko

Publication date 25 March 2003

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-002-0256-0

zbMATH Keywords

asset pricingfinancial equilibriumtemporary equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Review text

The referred paper deals with the model of equilibrium in a two-period pure exchange economy with financial assets. The interest is focused on the concept of a temporary financial equilibrium as an equilibrium of the current spot and security markets under given forecast functions of future prices and pay-offs. The main result regards the equivalence between this temporary financial equilibrium model and Arrow-Debreu economy where prefeences are price-dependent.

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• On the equivalence of financial structures with short-term assets
• scientific article; zbMATH DE number 193696 (Why is no real title available?)
• Bond Rate, Loan Rate and Tobin's q in a Temporary Equilibrium Model of the Financial Sector

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