Market Liquidity Risk

Implications for Asset Pricing, Risk Management, and Financial Regulation

Inbunden, Engelska, 2015

AvAndria van der Merwe,Andria Van Der Merwe,Andria van der Merwe

649 kr

Beställningsvara. Skickas inom 10-15 vardagar. Fri frakt för medlemmar vid köp för minst 249 kr.

Andria van der Merwe provides a thorough guide to the critical tools needed to navigate liquidity markets and value security pricing in the presence of market frictions and information asymmetries. This is essential reading for anyone with a current or future interest in liquidity models, market structures, and trading mechanisms.

Produktinformation

Utgivningsdatum2015-07-21
Mått155 x 235 x 23 mm
Vikt476 g
FormatInbunden
SpråkEngelska
Antal sidor200
Upplaga2015
FörlagPalgrave Macmillan
ISBN9781137390448

Tillhör följande kategorier

'Dr. Van Der Merwe's book is an excellent and comprehensive discussion of the nature and drivers of market liquidity risk and its impact on financial asset prices. The book seamlessly integrates theory and references to the academic literature with reviews of empirical evidence and practical applications. Market practitioners should find this book invaluable both as an introduction to the topic and an accessible current review of academic research in this area.' Christopher L. Culp, PhD, Johns Hopkins Institute of Applied Economics and Institut fur Finanzmanagement, Universitat Bern 'Andria van der Merwe has produced a superb analysis of liquidity. Not only does she explain why 'liquidity' is a much more profound concept than most of us might initially think, but also how our institutions create (and inhibit) it. Bottom line: liquidity is valuable and, as with all items of value, it is costly to obtain.' Jonathan I. Arnold, PhD, Formerly Chief Economist, Office of the New York Attorney General