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
Showing 5 featured editions. View all 5 editions?
Edition | Availability |
---|---|
1
Market liquidity: asset pricing, risk, and crises
2013, Cambridge University Press
in English
0521191769 9780521191760
|
aaaa
Libraries near you:
WorldCat
|
2
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
0511844395 9780511844393
|
zzzz
Libraries near you:
WorldCat
|
3
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
1139551493 9781139551496
|
zzzz
Libraries near you:
WorldCat
|
4
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
113955770X 9781139557702
|
zzzz
Libraries near you:
WorldCat
|
5
Market Liquidity: Asset Pricing, Risk, and Crises
2012, Cambridge University Press
in English
113955395X 9781139553957
|
zzzz
Libraries near you:
WorldCat
|
Book Details
Published in
Cambridge
Edition Notes
Includes bibliographical references and index.
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?March 16, 2023 | Edited by ImportBot | import existing book |
August 3, 2020 | Edited by ImportBot | import existing book |
March 23, 2012 | Created by LC Bot | import new book |