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Bibliografie

Journal Article

An economic uncertainty principle

Vošvrda Miloslav

: Acta Oeconomica Pragensia vol.8, 2 (2000), p. 79-87

: AV0Z1075907

: GA402/97/0007, GA ČR, GA402/97/0770, GA ČR

(eng): One of the central tenets of modern financial economics is the necessity of some trade-off between a risk and an expected return. It is generally known the price of interest-bearing securities such as bonds rises when rates fall, and vice versa. If a security's expected price change is positive, it is needed a reward to attract investors to hold the asset and bear the corresponding risks.

: 12B, 05D

: BB