Theories of Liquidity (Foundations and Trends(r) in Finance)

Vayanos, Dimitri, Wang, Jiang

Published by Now Publishers Inc, 2012
ISBN 10: 1601985983 / ISBN 13: 9781601985989
Used / 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:

Book in almost Brand New condition. Bookseller Inventory #

About this title:

Book ratings provided by Goodreads:
0 avg rating
(0 ratings)

Synopsis: Theories of Liquidity surveys the theoretical literature on market liquidity focusing on six main imperfections studied in that literature: participation costs, transaction costs, asymmetric information, imperfect competition, funding constraints, and search. The authors address three basic questions in the context of each imperfection: (a) how to measure illiquidity, i.e., the lack of liquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity affects expected asset returns. The theoretical literature on market liquidity often employs different modeling assumptions when studying different imperfections. Instead of surveying this literature in a descriptive manner, Theories of Liquidity uses a common, unified model to study all six imperfections that are considered, and for each imperfection addresses the three basic questions within that model. The model generates many of the key results shown in the literature. It also serves as a point of reference for surveying other results derived in different or more complicated settings, and for describing fruitful areas for future research. This survey is related to both market microstructure and asset pricing. It emphasizes fundamental market imperfections covered in the market microstructure literature, and examines how these relate to empirical measures of illiquidity used in that literature. It also examines how market imperfections affect expected asset returns - an asset-pricing exercise - and, in that sense, connects the two areas of research.

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

Bibliographic Details

Title: Theories of Liquidity (Foundations and ...
Publisher: Now Publishers Inc
Publication Date: 2012
Book Condition: As New

Top Search Results from the AbeBooks Marketplace

1.

Dimitri Vayanos; Jiang Wang
Published by Now Publishers Inc (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Paperback Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Now Publishers Inc, 2012. Paperback. Book Condition: New. book. Bookseller Inventory # M1601985983

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 19.33
Convert Currency

Add to Basket

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

2.

Dimitri Vayanos, Jiang Wang
Published by Now Publishers Inc (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
Used Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Now Publishers Inc, 2012. Paperback. Book Condition: Used: Good. Bookseller Inventory # SONG1601985983

More Information About This Seller | Ask Bookseller a Question

Buy Used
US$ 15.90
Convert Currency

Add to Basket

Shipping: US$ 8.99
Within U.S.A.
Destination, Rates & Speeds

3.

Dimitri Vayanos
Published by now publishers Inc (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description now publishers Inc, 2012. PAP. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # CD-9781601985989

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 65.67
Convert Currency

Add to Basket

Shipping: US$ 12.22
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Dimitri Vayanos, Jiang Wang
Published by Now Publishers Inc, United States (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Paperback Quantity Available: 1
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Now Publishers Inc, United States, 2012. Paperback. Book Condition: New. Language: English . Brand New Book. Theories of Liquidity surveys the theoretical literature on market liquidity focusing on six main imperfections studied in that literature: participation costs, transaction costs, asymmetric information, imperfect competition, funding constraints, and search. The authors address three basic questions in the context of each imperfection: (a) how to measure illiquidity, i.e., the lack of liquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity affects expected asset returns. The theoretical literature on market liquidity often employs different modeling assumptions when studying different imperfections. Instead of surveying this literature in a descriptive manner, Theories of Liquidity uses a common, unified model to study all six imperfections that are considered, and for each imperfection addresses the three basic questions within that model. The model generates many of the key results shown in the literature. It also serves as a point of reference for surveying other results derived in different or more complicated settings, and for describing fruitful areas for future research. This survey is related to both market microstructure and asset pricing. It emphasizes fundamental market imperfections covered in the market microstructure literature, and examines how these relate to empirical measures of illiquidity used in that literature. It also examines how market imperfections affect expected asset returns - an asset-pricing exercise - and, in that sense, connects the two areas of research. Bookseller Inventory # AAJ9781601985989

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 74.73
Convert Currency

Add to Basket

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

5.

Dimitri Vayanos, Jiang Wang
Published by Now Publishers Inc, United States (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Paperback Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Now Publishers Inc, United States, 2012. Paperback. Book Condition: New. Language: English . Brand New Book. Theories of Liquidity surveys the theoretical literature on market liquidity focusing on six main imperfections studied in that literature: participation costs, transaction costs, asymmetric information, imperfect competition, funding constraints, and search. The authors address three basic questions in the context of each imperfection: (a) how to measure illiquidity, i.e., the lack of liquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity affects expected asset returns. The theoretical literature on market liquidity often employs different modeling assumptions when studying different imperfections. Instead of surveying this literature in a descriptive manner, Theories of Liquidity uses a common, unified model to study all six imperfections that are considered, and for each imperfection addresses the three basic questions within that model. The model generates many of the key results shown in the literature. It also serves as a point of reference for surveying other results derived in different or more complicated settings, and for describing fruitful areas for future research. This survey is related to both market microstructure and asset pricing. It emphasizes fundamental market imperfections covered in the market microstructure literature, and examines how these relate to empirical measures of illiquidity used in that literature. It also examines how market imperfections affect expected asset returns - an asset-pricing exercise - and, in that sense, connects the two areas of research. Bookseller Inventory # AAJ9781601985989

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 77.25
Convert Currency

Add to Basket

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

6.

Dimitri Vayanos, Jiang Wang
Published by now publishers Inc
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Paperback Quantity Available: 1
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description now publishers Inc. Paperback. Book Condition: new. BRAND NEW, Theories of Liquidity, Dimitri Vayanos, Jiang Wang, Theories of Liquidity surveys the theoretical literature on market liquidity focusing on six main imperfections studied in that literature: participation costs, transaction costs, asymmetric information, imperfect competition, funding constraints, and search. The authors address three basic questions in the context of each imperfection: (a) how to measure illiquidity, i.e., the lack of liquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity affects expected asset returns. The theoretical literature on market liquidity often employs different modeling assumptions when studying different imperfections. Instead of surveying this literature in a descriptive manner, Theories of Liquidity uses a common, unified model to study all six imperfections that are considered, and for each imperfection addresses the three basic questions within that model. The model generates many of the key results shown in the literature. It also serves as a point of reference for surveying other results derived in different or more complicated settings, and for describing fruitful areas for future research. This survey is related to both market microstructure and asset pricing. It emphasizes fundamental market imperfections covered in the market microstructure literature, and examines how these relate to empirical measures of illiquidity used in that literature. It also examines how market imperfections affect expected asset returns - an asset-pricing exercise - and, in that sense, connects the two areas of research. Bookseller Inventory # B9781601985989

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 77.75
Convert Currency

Add to Basket

Shipping: US$ 9.44
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Dimitri Vayanos
Published by Now Publishers (2012)
ISBN 10: 1601985983 ISBN 13: 9781601985989
New Paperback Quantity Available: 1
Seller:
Revaluation Books
(Exeter, United Kingdom)
Rating
[?]

Book Description Now Publishers, 2012. Paperback. Book Condition: Brand New. 108 pages. 9.21x6.14 inches. In Stock. Bookseller Inventory # __1601985983

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 121.46
Convert Currency

Add to Basket

Shipping: US$ 8.15
From United Kingdom to U.S.A.
Destination, Rates & Speeds