Check nearby libraries
Buy this book
"This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create liquidity spirals. The analysis has implications for traders, risk managers, central bankers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises, and academic research. Liquidity and its converse, illiquidity, are elusive concepts: You know it when you see it, but it is hard to define. A liquid security is characterized by the ability to buy or sell large amounts of it at low cost. A good example is U.S. Treasury Bills, which can be sold in blocks of $20 million dollars instantaneously at the cost of a fraction of a basis point"--
Check nearby libraries
Buy this book
Edition | Availability |
---|---|
1
Market liquidity: asset pricing, risk, and crises
2013, Cambridge University Press
in English
0521191769 9780521191760
|
zzzz
|
2
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
113955395X 9781139553957
|
zzzz
|
3
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
0511844395 9780511844393
|
aaaa
|
4
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
1139551493 9781139551496
|
zzzz
|
5
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
113955770X 9781139557702
|
zzzz
|
Community Reviews (0)
Feedback?History
- Created October 5, 2021
- 1 revision
Wikipedia citation
×CloseCopy and paste this code into your Wikipedia page. Need help?
October 5, 2021 | Created by ImportBot | Imported from Better World Books record |