Market Liquidity : Asset Pricing, Risk, and Crises /
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...
| Main Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
Cambridge :
Cambridge University Press,
2012.
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| Subjects: | |
| Online Access: | View fulltext via EzAccess |