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In: Advances in Japanese Business and Economics 28
In: Springer eBook Collection
Long-Run Observations (the 1890s to the 2010s) and an Alternative Theory of the Price Level -- Demand for BOJ Notes from Black Markets under Price Controls (1937 to 1949) -- On Wartime Money Finance in the Japanese Occupied Territories (1942 to 1945).
In: Discussion paper 93-07
In: Journal of economic dynamics & control, Band 22, Heft 5, S. 763-777
ISSN: 0165-1889
In: Far Eastern survey, Band 29, Heft 10, S. 151-153
In: The B.E. journal of theoretical economics, Band 9, Heft 1
ISSN: 1935-1704
This paper investigates how interest rates on liquid assets and excess returns on risky assets are determined when only safe assets can be used as liquid assets when waiting for an informative signal of future payoffs. In particular, we carefully differentiate between a demand for liquid assets while waiting for new information and a demand for safe assets for precautionary reasons. Employing Kreps--Porteus preferences, numerical examples demonstrate that larger waiting-options premiums (lower interest rates) emerge with higher risk aversion in combination with more elastic intertemporal substitution.
In: Journal of Monetary Economics, Band 42, Heft 2, S. 241-260
In: IIIS Discussion Paper No. 124
SSRN
In: Journal of international economics, Band 42, Heft 3-4, S. 453-481
ISSN: 0022-1996
In: The Japanese Economic Review, Band 69, Heft 4, S. 374-393
SSRN
In: Journal of international economics, Band 127, S. 103386
ISSN: 0022-1996
In: Alcohol and alcoholism: the international journal of the Medical Council on Alcoholism (MCA) and the journal of the European Society for Biomedical Research on Alcoholism (ESBRA), Band 24, Heft 2, S. 101-108
ISSN: 1464-3502
In: Environmental science and pollution research: ESPR, Band 30, Heft 52, S. 112052-112070
ISSN: 1614-7499