Автор:Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen Год: 2012 Издание: [не указанo] Страниц: 328 ISBN: 0521191769 This book is about the pricing of liquidity in securities markets. The authors present theory and evidence on the positive effect of liquidity on asset prices, why liquidity varies over time, and how liquidity risk affects prices. The book then explains how liquidity crises create downward price and liquidity spirals. The analysis has implications for traders, risk managers, performance evaluation, economic policy, regulation of financial markets, management of liquidity crises, and academic research.
