Market liquidity : asset pricing, risk, and crises /

Market liquidity : asset pricing, risk, and crises / / [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.

"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 trader...

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ProQuest (Firm)
TeilnehmendeR:
Amihud, Yakov, 1947-
Mendelson, Haim.
Pedersen, Lasse Heje.
ProQuest (Firm)
Year of Publication:2013
Language:English
Online Access:
Physical Description:xiv, 277 p. :; ill.
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ctrlnum (MiAaPQ)500989093
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(CaPaEBR)ebr10621735
(CaONFJC)MIL405382
(OCoLC)817224493
collection bib_alma
record_format marc
spelling Market liquidity [electronic resource] : asset pricing, risk, and crises / [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.
Cambridge ; New York : Cambridge University Press, 2013.
xiv, 277 p. : ill.
Includes bibliographical references and index.
pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity 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, 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"-- Provided by publisher.
Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
Liquidity (Economics)
Securities Prices.
Electronic books.
Amihud, Yakov, 1947-
Mendelson, Haim.
Pedersen, Lasse Heje.
ProQuest (Firm)
https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=989093 Click to View
language English
format Electronic
eBook
author2 Amihud, Yakov, 1947-
Mendelson, Haim.
Pedersen, Lasse Heje.
ProQuest (Firm)
author_facet Amihud, Yakov, 1947-
Mendelson, Haim.
Pedersen, Lasse Heje.
ProQuest (Firm)
ProQuest (Firm)
author2_variant y a ya
h m hm
l h p lh lhp
author2_role TeilnehmendeR
TeilnehmendeR
TeilnehmendeR
TeilnehmendeR
author_corporate ProQuest (Firm)
author_sort Amihud, Yakov, 1947-
title Market liquidity asset pricing, risk, and crises /
spellingShingle Market liquidity asset pricing, risk, and crises /
pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises.
title_sub asset pricing, risk, and crises /
title_full Market liquidity [electronic resource] : asset pricing, risk, and crises / [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.
title_fullStr Market liquidity [electronic resource] : asset pricing, risk, and crises / [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.
title_full_unstemmed Market liquidity [electronic resource] : asset pricing, risk, and crises / [edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.
title_auth Market liquidity asset pricing, risk, and crises /
title_new Market liquidity
title_sort market liquidity asset pricing, risk, and crises /
publisher Cambridge University Press,
publishDate 2013
physical xiv, 277 p. : ill.
contents pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises.
isbn 9781139553957 (electronic bk.)
callnumber-first H - Social Science
callnumber-subject HG - Finance
callnumber-label HG178
callnumber-sort HG 3178 M37 42013
genre Electronic books.
genre_facet Electronic books.
url https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=989093
illustrated Illustrated
dewey-hundreds 300 - Social sciences
dewey-tens 330 - Economics
dewey-ones 332 - Financial economics
dewey-full 332.63/222
dewey-sort 3332.63 3222
dewey-raw 332.63/222
dewey-search 332.63/222
oclc_num 817224493
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is_hierarchy_title Market liquidity asset pricing, risk, and crises /
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