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| Hideaki Sakawa and Naoki Watanabel |
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| ''A Note on Synchronization Risk and Delayed Arbitrage'' |
| ( 2006, Vol. 7 No.7 ) |
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| This note reexamines Abreu and Brunnermeier's (2003) analysis of a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk. |
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| Keywords: |
JEL: G1 - General Financial Markets: General (includes Measurement and Data)
G0 - Financial Economics: General |
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| Manuscript Received : Aug 03 2006 | | Manuscript Accepted : Oct 16 2006 |
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