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No arbitrage can correct the mispricing.
任何套利都无法修正错误定价。
youdao
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If they bail out banks that have mispriced risk, the mispricing will continue.
如果决策者不让风险估价失误的银行破产,这个问题就会继续存在。
youdao
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If they bail out banks that have mispriced risk, the mispricing will continue.
如果决策者不让风险估价失误的银行破产,这个问题就会继续存在。
youdao