Solving the liquidity constraint by options on futures
Tài liệu tham khảo
Adam-Mueller Axel, 2009, Risk management with options and futures under liquidity risk, J. Futures Mark., 29, 297, 10.1002/fut.20362
Bernanke, 1989, Agency costs, net worth, and business fluctuations, Amer. Econ. Rev., 79, 14
Campbell, 1990, Permanent income, current income, and consumption, J. Bus. Econom. Statist., 8, 265
Campbell, 1991, The response of consumption to income: a cross-country investigation, Eur. Econ. Rev., 35, 723, 10.1016/0014-2921(91)90033-F
Chah, 1995, Liquidity constraint and intertemporal consumer optimization: theory and evidence from durable goods, J. Money Credit Bank, 27, 272, 10.2307/2077863
Chen, 2008, Credit market and long-run macroeconomic consequences, Ann. Econ. Financ., 9, 151
Hull, 2009
Jappelli, 1994, Saving, growth, and liquidity constraints, Q. J. Econ., 109, 83, 10.2307/2118429
Moschini, 1995, The hedging role of options and futures under joint price, basis, and production risk, Int. Econ. Rev., 36, 1025, 10.2307/2527271
Romer, 2006
Ross, 1976, Options and efficiency, Q. J. Econ., 90, 83, 10.2307/1886087
Whited, 1992, Debt, liquidity constraints, and corporate investment: evidence from panel data, J. Financ., 47, 1425, 10.1111/j.1540-6261.1992.tb04664.x
Williamson, 1987, Financial intermediation, business failures, and real business cycles, J. Polit. Econ., 95, 1196, 10.1086/261511
Zeldes, 1989, Consumption and liquidity constraints: an empirical investigation, J. Polit. Econ., 97, 305, 10.1086/261605
