| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7347826 | Economic Modelling | 2017 | 9 Pages |
Abstract
Using a two-country dynamic optimization model, we investigate the impact of exchange risk, incomplete information and short sales constraints on international portfolio decisions around market closure. Using optimal control theory, we provide solutions and simulation results. Our model can be applied to solve several problems in financial economics in the presence of market closure, information asymmetry and short sales constraints.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mondher Bellalah, Detao Zhang,