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Liquidity and asset prices
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Haim Mendelson,Lasse Heje Pedersen,Yakov Amihud |
We review the theories on how liquidity affects the required returns of capital assets and the empirical studies that test these theories. The theory predicts that both the level of liquidity and liq… |
OL19884288W |
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The liquidity theory of asset prices
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Gordon T. Pepper |
Professional investors are bombarded on a day to day basis with assertions about the role liquidity is playing and will play in determining prices in the financial markets. Few, if any, of the provid… |
OL2696359W |
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Financial Crises, Liquidity, and the International Monetary System
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Jean Tirole |
"Jean Tirole first analyzes the current views on the crises and on the reform of the international financial architecture. Reform proposals often treat the symptoms rather than the fundamentals, he a… |
OL5092440W |