Central bank intervention with limited a
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Christopher J. Neely; Paul A. Weller
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Article
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2007
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John Wiley and Sons
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English
β 226 KB
## Abstract Shleifer and Vishny (SV) pointed out some of the practical and theoretical problems associated with assuming that rational riskβarbitrage would quickly drive asset prices back to longβrun equilibrium. In particular, they showed that the possibility that asset price disequilibrium would