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Asymptotic arbitrage and numéraire portfolios in large financial markets

✍ Scribed by Dmitry B. Rokhlin


Publisher
Springer-Verlag
Year
2007
Tongue
English
Weight
486 KB
Volume
12
Category
Article
ISSN
0949-2984

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Several authors have introduced different ways to measure integration between financial markets. Most of them are derived from the basic assumptions about asset prices, like the Law of One Price or the absence of arbitrage opportunities. Two perfectly integrated markets must give identical prices to