Inside and Outside Liquidity (MIT Press)

Holmström, Bengt; Tirole, Jean

Published by The MIT Press, 2013
ISBN 10: 0262518538 / ISBN 13: 9780262518536
Used / Paperback / Quantity Available: 0
Available From More Booksellers
View all  copies of this book

About the Book

We're sorry; this specific copy is no longer available. AbeBooks has millions of books. We've listed similar copies below.

Description:

We ship International with Tracking Number! May not contain Access Codes or Supplements. Buy with confidence, excellent customer service! L. Bookseller Inventory #

About this title:

Book ratings provided by Goodreads:
4 avg rating
(1 ratings)

Synopsis:

Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions.

About the Author:

Bengt Holmström is Paul A. Samuelson Professor of Economics at MIT, where he was Head of the Economics Department from 2003 to 2006. Jean Tirole is Scientific Director of IDEI (Institut d'Economie Industrielle), Chairman of the Board of TSE (Toulouse School of Economics), and Annual Visiting Professor of Economics at MIT.

"About this title" may belong to another edition of this title.

Bibliographic Details

Title: Inside and Outside Liquidity (MIT Press)
Publisher: The MIT Press
Publication Date: 2013
Binding: Paperback
Book Condition: Used: Good

Top Search Results from the AbeBooks Marketplace

1.

Holmström, Bengt; Tirole, Jean
Published by The MIT Press
ISBN 10: 0262518538 ISBN 13: 9780262518536
Used PAPERBACK Quantity Available: 1
Seller
Roundabout Books
(Greenfield, MA, U.S.A.)
Rating
[?]

Book Description The MIT Press. PAPERBACK. Book Condition: Fine. 0262518538 Excellent, unmarked copy with little wear and tight binding. We ship in recyclable American-made mailers. 100% money-back guarantee on all orders. Bookseller Inventory # 318045

More Information About This Seller | Ask Bookseller a Question

Buy Used
US$ 17.69
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

2.

Holmstrom, Bengt
Published by MIT Press (2013)
ISBN 10: 0262518538 ISBN 13: 9780262518536
New Quantity Available: 2
Seller
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description MIT Press, 2013. PAP. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # BB-9780262518536

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 14.92
Convert Currency

Add to Basket

Shipping: US$ 11.61
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Holmstr�m, Bengt, Tirole, Jean
Published by The MIT Press
ISBN 10: 0262518538 ISBN 13: 9780262518536
Used Quantity Available: 1
Seller
More Than Words
(Waltham, MA, U.S.A.)
Rating
[?]

Book Description The MIT Press. Book Condition: Good. purchase supports More Tha n Words, a nonprofit job training program for youth, empowering youth to take charge of their lives by taking charge of a business. Bookseller Inventory # BOS-B-01e-00520

More Information About This Seller | Ask Bookseller a Question

Buy Used
US$ 14.21
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

4.

Holmstr�m, Bengt, Tirole, Jean
Published by The MIT Press
ISBN 10: 0262518538 ISBN 13: 9780262518536
Used Quantity Available: 7
Seller
More Than Words
(Waltham, MA, U.S.A.)
Rating
[?]

Book Description The MIT Press. Book Condition: Like New. Book appears unread. Book is square, clean, and umarked, with crisp pages All orders guaranteed and ship within 24 hours. Before placing your order for please contact us for confirmation on the book's binding. Check out our other listings to add to your order for discounted shipping. Bookseller Inventory # WAL-H-5e-000188

More Information About This Seller | Ask Bookseller a Question

Buy Used
US$ 14.21
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

Holmstrm, Bengt
ISBN 10: 0262518538 ISBN 13: 9780262518536
Used Paperback Quantity Available: 1
Seller
Big River Books
(Powder Springs, GA, U.S.A.)
Rating
[?]

Book Description Paperback. Book Condition: Good. The cover may have some normal wear. The text has no notes or markings. We ship daily Monday - Friday!. Bookseller Inventory # 1EY7ZG004PA3

More Information About This Seller | Ask Bookseller a Question

Buy Used
US$ 14.91
Convert Currency

Add to Basket

Shipping: US$ 3.49
Within U.S.A.
Destination, Rates & Speeds

6.

Bengt Holmström, Jean Tirole
Published by MIT Press Ltd, United States (2013)
ISBN 10: 0262518538 ISBN 13: 9780262518536
New Paperback Quantity Available: 1
Seller
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd, United States, 2013. Paperback. Book Condition: New. Reprint. Language: English . Brand New Book. Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmstrom and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions. Bookseller Inventory # AAU9780262518536

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.34
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

ISBN 10: 0262518538 ISBN 13: 9780262518536
New Quantity Available: 5
Seller
GreatBookPrices
(Columbia, MD, U.S.A.)
Rating
[?]

Book Description Book Condition: New. Bookseller Inventory # 18982613-n

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 16.71
Convert Currency

Add to Basket

Shipping: US$ 2.64
Within U.S.A.
Destination, Rates & Speeds

8.

Bengt Holmström, Jean Tirole
Published by MIT Press Ltd, United States (2013)
ISBN 10: 0262518538 ISBN 13: 9780262518536
New Paperback Quantity Available: 1
Seller
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd, United States, 2013. Paperback. Book Condition: New. Reprint. Language: English . Brand New Book. Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmstrom and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions. Bookseller Inventory # AAU9780262518536

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.89
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

Bengt Holmstr+Âm, Jean Tirole
Published by MIT Press 2013-02-15 (2013)
ISBN 10: 0262518538 ISBN 13: 9780262518536
New paperback Quantity Available: 5
Seller
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description MIT Press 2013-02-15, 2013. paperback. Book Condition: New. Bookseller Inventory # 9780262518536

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.91
Convert Currency

Add to Basket

Shipping: US$ 3.87
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Bengt Holmstrom, Jean Tirole
Published by MIT Press Ltd
ISBN 10: 0262518538 ISBN 13: 9780262518536
New Paperback Quantity Available: 4
Seller
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd. Paperback. Book Condition: new. BRAND NEW, Inside and Outside Liquidity, Bengt Holmstrom, Jean Tirole, Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmstrom and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions. Bookseller Inventory # B9780262518536

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 17.58
Convert Currency

Add to Basket

Shipping: US$ 8.96
From United Kingdom to U.S.A.
Destination, Rates & Speeds

There are 23 more copies of this book

View all search results for this book