Market liquidity: asset pricing, risk, and crises
Auteur :
Amihud, Yakov / Mendelson, Haim / Pedersen, Lasse Heje
Éditeur :
Cambridge University Press
ISBN :
9780521139656
Date de publication :
12 nov. 2012
Dimensions :
21,0 x 15,0 x 2,5 cm
Poids :
430 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
This book is about the pricing of liquidity in securities markets. The book then explains how liquidity crises create downward price and liquidity spirals. The analysis has implications for traders, risk managers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises and academic research.