Market Liquidity Risk - Implications for Asset Pricing, Risk Management, Financial

Zusatztext '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 für Finanzmanagement, Universität 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 Informationen zum Autor Andria van der Merwe is a Senior Economist for Compass Lexecon and an Adjunct Professor at the Illinois Institute of Technology's Stuart School of Business, USA. Klappentext 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. Zusammenfassung 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. Inhaltsverzeichnis 1. Musings on Liquidity 2. Financial Crises and Liquidity Traffic Jams 3. Market Structures and Institutional Arrangements of Trading 4. Asset Pricing and Liquidity Models 5. Stories of Liquidity and Credit 6. Financial Regulation and Liquidity Risk Management...

Product details

• Authors: Andria van der Merwe, A. van der Merwe, Andria van der Merwe, Merwe Van Der, Andria Van Der Merwe
• Publisher: Palgrave UK
• Languages: English
• Product format: Hardback
• Released: 31.07.2015
• EAN: 9781137390448
• ISBN: 978-1-137-39044-8
• No. of pages: 214
• Subjects: Natural sciences, medicine, IT, technology > Natural sciences (general); Social sciences, law, business > Business > Business administration; Unternehmensfinanzierung, B, Management und Managementtechniken, Accounting, Investment Banking, Risikobewertung, Corporate Finance, Financial Services, Accounting/Auditing, risk management, Securities, Management & management techniques, Business Finance, Management science, Investments and Securities, Investment & securities, Management accounting & bookkeeping, Bookkeeping, Palgrave Economics & Finance Collection, Business enterprises—Finance, Finanzenwesen und Finanzindustrie