TY  - BOOK
AU  - Amihud,Yakov
AU  - Mendelson,Haim
AU  - Pedersen,Lasse Heje
ED  - ProQuest (Firm)
TI  - Market liquidity: asset pricing, risk, and crises 
AV  - HG178 .M37 2013
U1  - 332.63/222 23
PY  - 2013///
CY  - Cambridge, New York
PB  - Cambridge University Press
KW  - Liquidity (Economics)
KW  - Securities
KW  - Prices
KW  - Electronic books
N1  - 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; Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries
N2  - "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"--
UR  - https://ebookcentral.proquest.com/lib/bacm-ebooks/detail.action?docID=989093
ER  -