Market liquidity asset pricing, risk, and crises /
"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, ri...
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| Autor corporatiu: | |
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| Altres autors: | , , |
| Format: | Electrònic eBook |
| Idioma: | anglès |
| Publicat: |
Cambridge ; New York :
Cambridge University Press,
2013.
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| Matèries: | |
| Accés en línia: | An electronic book accessible through the World Wide Web; click to view |
| Etiquetes: |
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MARC
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| 001 | ebr10621735 | ||
| 003 | CaPaEBR | ||
| 006 | m u | ||
| 007 | cr cn||||||||| | ||
| 008 | 120313s2013 enka sb 001 0 eng d | ||
| 010 | |z 2012010868 | ||
| 020 | |z 9780521191760 (hardback) | ||
| 020 | |z 9780521139656 (paperback) | ||
| 020 | |z 9781139553957 (e-book) | ||
| 040 | |a CaPaEBR |c CaPaEBR | ||
| 035 | |a (OCoLC)817224493 | ||
| 050 | 1 | 4 | |a HG178 |b .M37 2013eb |
| 082 | 0 | 4 | |a 332.63/222 |2 23 |
| 245 | 0 | 0 | |a Market liquidity |h [electronic resource] : |b asset pricing, risk, and crises / |c [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen. |
| 260 | |a Cambridge ; |a New York : |b Cambridge University Press, |c 2013. | ||
| 300 | |a xiv, 277 p. : |b ill. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises. | |
| 520 | |a "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"-- |c Provided by publisher. | ||
| 533 | |a Electronic reproduction. |b Palo Alto, Calif. : |c ebrary, |d 2011. |n Available via World Wide Web. |n Access may be limited to ebrary affiliated libraries. | ||
| 650 | 0 | |a Liquidity (Economics) | |
| 650 | 0 | |a Securities |x Prices. | |
| 655 | 7 | |a Electronic books. |2 local | |
| 700 | 1 | |a Amihud, Yakov, |d 1947- | |
| 700 | 1 | |a Mendelson, Haim. | |
| 700 | 1 | |a Pedersen, Lasse Heje. | |
| 710 | 2 | |a ebrary, Inc. | |
| 856 | 4 | 0 | |u http://site.ebrary.com/lib/daystar/Doc?id=10621735 |z An electronic book accessible through the World Wide Web; click to view |
| 999 | |c 197423 |d 197423 | ||