Market liquidity :: asset pricing, risk, and crises /
"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 trader...
Gespeichert in:
| Weitere Verfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge :
Cambridge University Press,
2013.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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 $20 million dollars instantaneously at the cost of a fraction of a basis point"-- |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781139548991 1139548999 9780511844393 0511844395 9781139551496 1139551493 9781139553957 113955395X |
Internformat
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBA-ocn817224493 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr cnu---unuuu | ||
| 008 | 121112s2013 enk ob 001 0 eng d | ||
| 040 | |a N$T |b eng |e pn |c N$T |d YDXCP |d CDX |d UMC |d CAMBR |d E7B |d UBY |d OCLCF |d MERUC |d EBLCP |d DEBSZ |d OCLCQ |d YDX |d Z5A |d OCLCQ |d COO |d COCUF |d STF |d CUY |d ZCU |d ICG |d K6U |d LOA |d VT2 |d U3W |d OCLCQ |d WYU |d LVT |d DKC |d OCLCA |d AU@ |d OCLCQ |d UKAHL |d OL$ |d OCLCQ |d A6Q |d G3B |d UHL |d OCLCQ |d OCLCA |d OCLCQ |d HS0 |d AJS |d OCLCQ |d OCLCO |d SGP |d OCLCO |d OCLCQ |d OCLCO |d S9M |d OCLCL |d SFB |d OCLCQ | ||
| 019 | |a 817928924 |a 825732677 |a 826455708 |a 830628301 |a 981955678 |a 982017640 |a 990318936 |a 1003852506 |a 1042988770 |a 1043678390 |a 1066542906 |a 1076741417 |a 1081291261 |a 1117877444 | ||
| 020 | |a 9781139548991 |q (electronic bk.) | ||
| 020 | |a 1139548999 |q (electronic bk.) | ||
| 020 | |a 9780511844393 |q (electronic bk.) | ||
| 020 | |a 0511844395 |q (electronic bk.) | ||
| 020 | |a 9781139551496 | ||
| 020 | |a 1139551493 | ||
| 020 | |a 9781139553957 | ||
| 020 | |a 113955395X | ||
| 020 | |z 9780521191760 | ||
| 020 | |z 0521191769 | ||
| 020 | |z 9780521139656 | ||
| 020 | |z 0521139651 | ||
| 035 | |a (OCoLC)817224493 |z (OCoLC)817928924 |z (OCoLC)825732677 |z (OCoLC)826455708 |z (OCoLC)830628301 |z (OCoLC)981955678 |z (OCoLC)982017640 |z (OCoLC)990318936 |z (OCoLC)1003852506 |z (OCoLC)1042988770 |z (OCoLC)1043678390 |z (OCoLC)1066542906 |z (OCoLC)1076741417 |z (OCoLC)1081291261 |z (OCoLC)1117877444 | ||
| 050 | 4 | |a HG178 |b .M37 2013eb | |
| 072 | 7 | |a BUS |x 036060 |2 bisacsh | |
| 082 | 7 | |a 332.63/222 |2 23 | |
| 084 | |a BUS001010 |2 bisacsh | ||
| 049 | |a MAIN | ||
| 245 | 0 | 0 | |a Market liquidity : |b asset pricing, risk, and crises / |c by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University. |
| 260 | |a Cambridge : |b Cambridge University Press, |c 2013. | ||
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a data file | ||
| 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"-- |c Provided by publisher | ||
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises. | |
| 650 | 0 | |a Liquidity (Economics) |0 http://id.loc.gov/authorities/subjects/sh85077403 | |
| 650 | 0 | |a Securities |x Prices. |0 http://id.loc.gov/authorities/subjects/sh93008756 | |
| 650 | 6 | |a Liquidité (Économie politique) | |
| 650 | 6 | |a Valeurs mobilières |x Prix. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Accounting |x Financial. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Investments & Securities |x Stocks. |2 bisacsh | |
| 650 | 0 | 7 | |a Liquidez |2 embne |
| 650 | 7 | |a Liquidity (Economics) |2 fast | |
| 650 | 7 | |a Securities |x Prices |2 fast | |
| 650 | 7 | |a Wertpapiermarkt |2 gnd | |
| 650 | 7 | |a Preisbildung |2 gnd | |
| 650 | 7 | |a Liquidität |2 gnd |0 http://d-nb.info/gnd/4035908-6 | |
| 700 | 1 | |a Amihud, Yakov, |d 1947- |1 https://id.oclc.org/worldcat/entity/E39PBJfcMRqDPkhQkCx4M3rDv3 |0 http://id.loc.gov/authorities/names/n84183513 | |
| 700 | 1 | |a Mendelson, Haim. | |
| 700 | 1 | |a Pedersen, Lasse Heje. | |
| 758 | |i has work: |a Market liquidity (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFvCFV3YW3H34CGFBbTXMP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |t Market liquidity. |d Cambridge : Cambridge University Press, 2013 |z 9780521191760 |w (DLC) 2012010868 |w (OCoLC)780415776 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=473255 |3 Volltext |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH34202023 | ||
| 938 | |a Askews and Holts Library Services |b ASKH |n AH26478814 | ||
| 938 | |a Askews and Holts Library Services |b ASKH |n AH33350729 | ||
| 938 | |a Coutts Information Services |b COUT |n 24248916 | ||
| 938 | |a EBL - Ebook Library |b EBLB |n EBL989093 | ||
| 938 | |a ebrary |b EBRY |n ebr10621735 | ||
| 938 | |a EBSCOhost |b EBSC |n 473255 | ||
| 938 | |a YBP Library Services |b YANK |n 9908339 | ||
| 938 | |a YBP Library Services |b YANK |n 9920739 | ||
| 938 | |a YBP Library Services |b YANK |n 9949691 | ||
| 938 | |a YBP Library Services |b YANK |n 9901228 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBA | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-ocn817224493 |
|---|---|
| _version_ | 1816882213526962176 |
| adam_text | |
| any_adam_object | |
| author2 | Amihud, Yakov, 1947- Mendelson, Haim Pedersen, Lasse Heje |
| author2_role | |
| author2_variant | y a ya h m hm l h p lh lhp |
| author_GND | http://id.loc.gov/authorities/names/n84183513 |
| author_facet | Amihud, Yakov, 1947- Mendelson, Haim Pedersen, Lasse Heje |
| author_sort | Amihud, Yakov, 1947- |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG178 |
| callnumber-raw | HG178 .M37 2013eb |
| callnumber-search | HG178 .M37 2013eb |
| callnumber-sort | HG 3178 M37 42013EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBA |
| contents | pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises. |
| ctrlnum | (OCoLC)817224493 |
| dewey-full | 332.63/222 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63/222 |
| dewey-search | 332.63/222 |
| dewey-sort | 3332.63 3222 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05152cam a2200829 a 4500</leader><controlfield tag="001">ZDB-4-EBA-ocn817224493</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cnu---unuuu</controlfield><controlfield tag="008">121112s2013 enk ob 001 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">N$T</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">N$T</subfield><subfield code="d">YDXCP</subfield><subfield code="d">CDX</subfield><subfield code="d">UMC</subfield><subfield code="d">CAMBR</subfield><subfield code="d">E7B</subfield><subfield code="d">UBY</subfield><subfield code="d">OCLCF</subfield><subfield code="d">MERUC</subfield><subfield code="d">EBLCP</subfield><subfield code="d">DEBSZ</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">YDX</subfield><subfield code="d">Z5A</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">COO</subfield><subfield code="d">COCUF</subfield><subfield code="d">STF</subfield><subfield code="d">CUY</subfield><subfield code="d">ZCU</subfield><subfield code="d">ICG</subfield><subfield code="d">K6U</subfield><subfield code="d">LOA</subfield><subfield code="d">VT2</subfield><subfield code="d">U3W</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">WYU</subfield><subfield code="d">LVT</subfield><subfield code="d">DKC</subfield><subfield code="d">OCLCA</subfield><subfield code="d">AU@</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">UKAHL</subfield><subfield code="d">OL$</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">A6Q</subfield><subfield code="d">G3B</subfield><subfield code="d">UHL</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCA</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">HS0</subfield><subfield code="d">AJS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">SGP</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">S9M</subfield><subfield code="d">OCLCL</subfield><subfield code="d">SFB</subfield><subfield code="d">OCLCQ</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">817928924</subfield><subfield code="a">825732677</subfield><subfield code="a">826455708</subfield><subfield code="a">830628301</subfield><subfield code="a">981955678</subfield><subfield code="a">982017640</subfield><subfield code="a">990318936</subfield><subfield code="a">1003852506</subfield><subfield code="a">1042988770</subfield><subfield code="a">1043678390</subfield><subfield code="a">1066542906</subfield><subfield code="a">1076741417</subfield><subfield code="a">1081291261</subfield><subfield code="a">1117877444</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781139548991</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1139548999</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780511844393</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0511844395</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781139551496</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1139551493</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781139553957</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">113955395X</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780521191760</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">0521191769</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780521139656</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">0521139651</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)817224493</subfield><subfield code="z">(OCoLC)817928924</subfield><subfield code="z">(OCoLC)825732677</subfield><subfield code="z">(OCoLC)826455708</subfield><subfield code="z">(OCoLC)830628301</subfield><subfield code="z">(OCoLC)981955678</subfield><subfield code="z">(OCoLC)982017640</subfield><subfield code="z">(OCoLC)990318936</subfield><subfield code="z">(OCoLC)1003852506</subfield><subfield code="z">(OCoLC)1042988770</subfield><subfield code="z">(OCoLC)1043678390</subfield><subfield code="z">(OCoLC)1066542906</subfield><subfield code="z">(OCoLC)1076741417</subfield><subfield code="z">(OCoLC)1081291261</subfield><subfield code="z">(OCoLC)1117877444</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG178</subfield><subfield code="b">.M37 2013eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">036060</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.63/222</subfield><subfield code="2">23</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">BUS001010</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="245" ind1="0" ind2="0"><subfield code="a">Market liquidity :</subfield><subfield code="b">asset pricing, risk, and crises /</subfield><subfield code="c">by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University.</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">Cambridge :</subfield><subfield code="b">Cambridge University Press,</subfield><subfield code="c">2013.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">data file</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="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"--</subfield><subfield code="c">Provided by publisher</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Liquidity (Economics)</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85077403</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Securities</subfield><subfield code="x">Prices.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh93008756</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Liquidité (Économie politique)</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Valeurs mobilières</subfield><subfield code="x">Prix.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Accounting</subfield><subfield code="x">Financial.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Investments & Securities</subfield><subfield code="x">Stocks.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Liquidez</subfield><subfield code="2">embne</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Liquidity (Economics)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Securities</subfield><subfield code="x">Prices</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Wertpapiermarkt</subfield><subfield code="2">gnd</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Preisbildung</subfield><subfield code="2">gnd</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Liquidität</subfield><subfield code="2">gnd</subfield><subfield code="0">http://d-nb.info/gnd/4035908-6</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Amihud, Yakov,</subfield><subfield code="d">1947-</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PBJfcMRqDPkhQkCx4M3rDv3</subfield><subfield code="0">http://id.loc.gov/authorities/names/n84183513</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Mendelson, Haim.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pedersen, Lasse Heje.</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Market liquidity (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCFvCFV3YW3H34CGFBbTXMP</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="t">Market liquidity.</subfield><subfield code="d">Cambridge : Cambridge University Press, 2013</subfield><subfield code="z">9780521191760</subfield><subfield code="w">(DLC) 2012010868</subfield><subfield code="w">(OCoLC)780415776</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=473255</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH34202023</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH26478814</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH33350729</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Coutts Information Services</subfield><subfield code="b">COUT</subfield><subfield code="n">24248916</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL989093</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ebrary</subfield><subfield code="b">EBRY</subfield><subfield code="n">ebr10621735</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">473255</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9908339</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9920739</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9949691</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9901228</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-4-EBA-ocn817224493 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:25:02Z |
| institution | BVB |
| isbn | 9781139548991 1139548999 9780511844393 0511844395 9781139551496 1139551493 9781139553957 113955395X |
| language | English |
| oclc_num | 817224493 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource |
| psigel | ZDB-4-EBA |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Cambridge University Press, |
| record_format | marc |
| spelling | Market liquidity : asset pricing, risk, and crises / by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University. Cambridge : Cambridge University Press, 2013. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier data file "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"-- Provided by publisher Includes bibliographical references and index. Print version record. pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises. Liquidity (Economics) http://id.loc.gov/authorities/subjects/sh85077403 Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Liquidité (Économie politique) Valeurs mobilières Prix. BUSINESS & ECONOMICS Accounting Financial. bisacsh BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Liquidez embne Liquidity (Economics) fast Securities Prices fast Wertpapiermarkt gnd Preisbildung gnd Liquidität gnd http://d-nb.info/gnd/4035908-6 Amihud, Yakov, 1947- https://id.oclc.org/worldcat/entity/E39PBJfcMRqDPkhQkCx4M3rDv3 http://id.loc.gov/authorities/names/n84183513 Mendelson, Haim. Pedersen, Lasse Heje. has work: Market liquidity (Text) https://id.oclc.org/worldcat/entity/E39PCFvCFV3YW3H34CGFBbTXMP https://id.oclc.org/worldcat/ontology/hasWork Print version: Market liquidity. Cambridge : Cambridge University Press, 2013 9780521191760 (DLC) 2012010868 (OCoLC)780415776 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=473255 Volltext |
| spellingShingle | Market liquidity : asset pricing, risk, and crises / pt. 1. the effect of liquidity costs on securities prices and returns -- pt. 2. Liquidity risk -- pt. 3. Liquidity crises. Liquidity (Economics) http://id.loc.gov/authorities/subjects/sh85077403 Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Liquidité (Économie politique) Valeurs mobilières Prix. BUSINESS & ECONOMICS Accounting Financial. bisacsh BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Liquidez embne Liquidity (Economics) fast Securities Prices fast Wertpapiermarkt gnd Preisbildung gnd Liquidität gnd http://d-nb.info/gnd/4035908-6 |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85077403 http://id.loc.gov/authorities/subjects/sh93008756 http://d-nb.info/gnd/4035908-6 |
| title | Market liquidity : asset pricing, risk, and crises / |
| title_auth | Market liquidity : asset pricing, risk, and crises / |
| title_exact_search | Market liquidity : asset pricing, risk, and crises / |
| title_full | Market liquidity : asset pricing, risk, and crises / by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University. |
| title_fullStr | Market liquidity : asset pricing, risk, and crises / by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University. |
| title_full_unstemmed | Market liquidity : asset pricing, risk, and crises / by Yakov Amihud, Stern School of Business, New York University, Haim Mendelson, Graduate School of Business, Stanford University, Lasse Heje Pedersen, Stern School of Business, New York University. |
| title_short | Market liquidity : |
| title_sort | market liquidity asset pricing risk and crises |
| title_sub | asset pricing, risk, and crises / |
| topic | Liquidity (Economics) http://id.loc.gov/authorities/subjects/sh85077403 Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Liquidité (Économie politique) Valeurs mobilières Prix. BUSINESS & ECONOMICS Accounting Financial. bisacsh BUSINESS & ECONOMICS Investments & Securities Stocks. bisacsh Liquidez embne Liquidity (Economics) fast Securities Prices fast Wertpapiermarkt gnd Preisbildung gnd Liquidität gnd http://d-nb.info/gnd/4035908-6 |
| topic_facet | Liquidity (Economics) Securities Prices. Liquidité (Économie politique) Valeurs mobilières Prix. BUSINESS & ECONOMICS Accounting Financial. BUSINESS & ECONOMICS Investments & Securities Stocks. Liquidez Securities Prices Wertpapiermarkt Preisbildung Liquidität |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=473255 |
| work_keys_str_mv | AT amihudyakov marketliquidityassetpricingriskandcrises AT mendelsonhaim marketliquidityassetpricingriskandcrises AT pedersenlasseheje marketliquidityassetpricingriskandcrises |