理论方面,大量文献证明即使允许卖空,由于套利的局限(Limit to Arbitrage)等原因,证券价值严重低估的现象仍然可能长期存在(De Long et al,1990;Shl Eifer and Summers,1990;Shl EIfer and Vishny,...
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limit to arbitrage
套利限制
以上为机器翻译结果,长、整句建议使用 人工翻译 。
Under more normal financial conditions, the willingness of banks to engage in the simple arbitrage noted above will tend to limit the gap between the federal-funds rate and the rate the Fed pays on reserves.
WSJ: Bernanke Op-ed in WSJ: The Fed��s Exit Strategy
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