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perfect capital market N MKT COMPET

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engleski
Based on that, to have a perfect capital market, every agent may exchange funds at the existing single interest rate for each type of fund.
en.wikipedia.org
This theory assumes that agents are able to finance consumption with earnings that are not yet generated, and thus assumes perfect capital markets.
en.wikipedia.org
The perfect capital market hypothesis is often held up for particular criticism because liquidity constraints invalidate the assumed lifetime income hypothesis.
en.wikipedia.org

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