Amihud Yakov: Market Liquidity: Asset Pricing, Risk, and Crises
Скачать книгу (размер 1 467 Kb , формат fb2, страниц 289) Аннотация: This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact when trading and facing a long time to unload a large position. Liquidity risk is higher if a security becomes more illiquid when it needs to be traded…