Citation: Greenwood, Robin, Samuel G. Hanson, and Gordon Y. Liao. "Asset Price Dynamics in Partially Segmented Markets." Review of Financial Studies 31, no. 9 (September 2018): 3307–3343. (Internet Appendix Here: http://www.people.hbs.edu/shanson/smc_IA_20170910.pdf.) to publisher's version: https://academic.oup.com/rfs/article-abstract/31/9/3307/4985215?redirectedFrom=fulltext : System Shocks, Asset Pricing
No takes yet. Share an insight, caveat, or question.
Greenwood et al. (2018) studied this question.
Synapse has enriched 4 closely related papers on similar clinical questions. Consider them for comparative context: