Business & Economics Books:

Liquidity and Asset Prices

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Paperback / softback
$134.00
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Description

Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. The book surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.
Release date NZ
February 15th, 2006
Audience
  • General (US: Trade)
Pages
108
Dimensions
156x234x5
ISBN-13
9781933019123
Product ID
2338138

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