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Item Details
Title:
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LIQUIDITY AND ASSET PRICES
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By: |
Yakov Amihud, Haim Mendelson, Lasse H. Pedersen |
Format: |
Paperback |
List price:
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£44.95 |
We currently do not stock this item, please contact the publisher directly for
further information.
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ISBN 10: |
1933019123 |
ISBN 13: |
9781933019123 |
Publisher: |
NOW PUBLISHERS INC |
Pub. date: |
1 December, 2005 |
Series: |
Foundations and Trends in Finance 4 |
Pages: |
108 |
Description: |
Looks at the literature that studies the relationship between liquidity and asset prices. This work reviews the theoretical literature that predicts how liquidity affects a security's required return and discusses the empirical connection between the two. |
Synopsis: |
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. Liquidity and Asset Prices 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. |
Illustrations: |
1, black & white illustrations |
Publication: |
US |
Imprint: |
now publishers Inc |
Returns: |
Returnable |
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