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Asset prices and real investment

โœ Scribed by Leonid Kogan


Book ID
113710711
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
310 KB
Volume
73
Category
Article
ISSN
0304-405X

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Recently there has been much research treating housing and other real assets as financial claims, primarily in order to value their derivative assets, such as mortgages and mortgage-backed securities. Real asset prices are then typically modeled as a lognormal process, in the same manner that has tr