Arbitraje limitado bajo fondeo basado en desempeño

Arbitraje limitado bajo fondeo basado en desempeño

Show other versions (1)

In scenarios of increasing pessimism, arbitrageurs affect processes by inducing a recuperation in demand for a risky asset(demand effect) or as a result of their capacity to transfer resources to scenarios of scarce liquidity (the liquidity effect). If the liquidity effect is active, arbitrageurs re...

Full description

Bibliographic Details
Main Author: Jimmy Melo
Format: Article
Language:Spanish
Published: Universidad Católica de Colombia 2016-03-01
Series:Revista Finanzas y Política Económica
Subjects:
behavioural finance
limited arbitrage
noise-trader risk
emergency sales
liquidity
Online Access:http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/933/980
id doaj-a883027ad37a46db9fc2328d41317f01
record_format Article
spelling doaj-a883027ad37a46db9fc2328d41317f012020-11-24T20:59:46ZspaUniversidad Católica de ColombiaRevista Finanzas y Política Económica2248-60462011-76632016-03-0181165187Arbitraje limitado bajo fondeo basado en desempeñoJimmy Melo0Universidad CentralIn scenarios of increasing pessimism, arbitrageurs affect processes by inducing a recuperation in demand for a risky asset(demand effect) or as a result of their capacity to transfer resources to scenarios of scarce liquidity (the liquidity effect). If the liquidity effect is active, arbitrageurs respond to waves of pessimism and, as a consequence, increase their short positions or reduce the amount invested in the risky asset today. In this manner, they allow the price to fall in the present, thereby stabilizing losses if pessimism sharpens in the future. The liquidity effect is smaller when investors are risk-averse or when there are short-term restrictions on sales, a situation that translates into volatility in future prices.http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/933/980behavioural financelimited arbitragenoise-trader riskemergency salesliquidity
collection DOAJ
language Spanish
format Article
sources DOAJ
author Jimmy Melo
spellingShingle Jimmy Melo
Arbitraje limitado bajo fondeo basado en desempeño
Revista Finanzas y Política Económica
behavioural finance
limited arbitrage
noise-trader risk
emergency sales
liquidity
author_facet Jimmy Melo
author_sort Jimmy Melo
title Arbitraje limitado bajo fondeo basado en desempeño
title_short Arbitraje limitado bajo fondeo basado en desempeño
title_full Arbitraje limitado bajo fondeo basado en desempeño
title_fullStr Arbitraje limitado bajo fondeo basado en desempeño
title_full_unstemmed Arbitraje limitado bajo fondeo basado en desempeño
title_sort arbitraje limitado bajo fondeo basado en desempeño
publisher Universidad Católica de Colombia
series Revista Finanzas y Política Económica
issn 2248-6046
2011-7663
publishDate 2016-03-01
description In scenarios of increasing pessimism, arbitrageurs affect processes by inducing a recuperation in demand for a risky asset(demand effect) or as a result of their capacity to transfer resources to scenarios of scarce liquidity (the liquidity effect). If the liquidity effect is active, arbitrageurs respond to waves of pessimism and, as a consequence, increase their short positions or reduce the amount invested in the risky asset today. In this manner, they allow the price to fall in the present, thereby stabilizing losses if pessimism sharpens in the future. The liquidity effect is smaller when investors are risk-averse or when there are short-term restrictions on sales, a situation that translates into volatility in future prices.
topic behavioural finance
limited arbitrage
noise-trader risk
emergency sales
liquidity
url http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/933/980
work_keys_str_mv AT jimmymelo arbitrajelimitadobajofondeobasadoendesempeno
_version_ 1716781608551317504

Similar Items