Blar i NHH Brage på forfatter "Hapnes, Erik"
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Asset returns and financial intermediary leverage : an emprical analysis
Hapnes, Erik (Master thesis, 2015)In this paper the result of Adrian, Etula, and Muir (2014) is reexamined. They propose a model with nancial intermediary leverage that is able to price a set of portfolios remarkably well. In this paper the model is ...