Discretionary Trading and Asset Price Volatility

Jahangir Aziz

No 1995/104, IMF Working Papers from International Monetary Fund

Abstract: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Keywords: WP; equilibrium price; investor base; price of the asset; asset price volatility; investors trading; market participant; market clearing; covariance term; single-investor model; incumbent investor; Asset prices; Stock markets; Asset valuation; Liquidity; Securities markets; Asia and Pacific (search for similar items in EconPapers)
Pages: 34
Date: 1995-10-01
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