Financial Innovation in Multi-Period Economies

Enrique Kawamura

Latin American Journal of Economics-formerly Cuadernos de Economía, 2003, vol. 40, issue 120, 117-205

Abstract: I present an attempt to construct multi-period, finite horizon extensions to the well -known two- period financial innovations literature. I first extend the definition of competitive equilibrium with innovations. It is shown that, with a dominating house

Keywords: Incomplete markets; financial innovation; multiperiod economies (search for similar items in EconPapers)
JEL-codes: D51 G13 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ioe:cuadec:v:40:y:2003:i:120:p:117-205

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