000			02526nam a2200433 a 4500
001			EBC989093
003			MiAaPQ
005			20240120133826.0
006			m o d |
007			cr cn|||||||||
008			120313s2013 enka sb 001 0 eng d
010			_z 2012010868
020			_z9780521191760 (hardback)
020			_z9780521139656 (paperback)
020			_a9781139553957 (electronic bk.)
035			_a(MiAaPQ)EBC989093
035			_a(Au-PeEL)EBL989093
035			_a(CaPaEBR)ebr10621735
035			_a(CaONFJC)MIL405382
035			_a(OCoLC)817224493
040			_aMiAaPQ _cMiAaPQ _dMiAaPQ
050		4	_aHG178 _b.M37 2013
082	0	4	_a332.63/222 _223
245	0	0	_aMarket liquidity _h[electronic resource] : _basset pricing, risk, and crises / _c[edited by] Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen.
260			_aCambridge ; _aNew York : _bCambridge University Press, _c2013.
300			_axiv, 277 p. : _bill.
504			_aIncludes bibliographical references and index.
505	0		_apt. 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"-- _cProvided by publisher.
533			_aElectronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
650		0	_aLiquidity (Economics)
650		0	_aSecurities _xPrices.
655		4	_aElectronic books.
700	1		_aAmihud, Yakov, _d1947-
700	1		_aMendelson, Haim.
700	1		_aPedersen, Lasse Heje.
710	2		_aProQuest (Firm)
856	4	0	_uhttps://ebookcentral.proquest.com/lib/bacm-ebooks/detail.action?docID=989093 _zClick to View
999			_c82658 _d82658