Market Liquidity

Name: Market Liquidity
Brand: Cambridge University Press
SKU: 9780521191760
Price: 5080.00 INR
Availability: InStock

by Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen

Cambridge University Press

₹5,080

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From the publisher

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 in the future, which will raise trading cost.

Description supplied by the publisher.