Now Publishers
Liquidity and Asset Prices
Product Code:
9781933019123
ISBN13:
9781933019123
Condition:
New
$52.40
Liquidity and Asset Prices
$52.40
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.
| Author: Yakov Amihud |
| Publisher: Now Publishers |
| Publication Date: Dec 01, 2005 |
| Number of Pages: 108 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1933019123 |
| ISBN-13: 9781933019123 |
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