Liquidity Risk Management - A Practitioner`s Perspective, Venkat
Автор: Banks Erik Название: Dark Pools ISBN: 1137449535 ISBN-13(EAN): 9781137449535 Издательство: Springer Рейтинг: Цена: 63880.00 T Наличие на складе: Поставка под заказ. Описание: This book deals with the topic of dark trading, or non-displayed, off-exchange trading execution. It discusses the development, importance and practice of dark equity trading in an environment dominated by high frequency, program, block and algorithmic trading, and considers its future prospects in a world of mobile capital and changing regulation.
Автор: Prof. Dr. Heinz Rehkugler; Jaroslaw Morawski Название: Investment Decisions on Illiquid Assets ISBN: 383491004X ISBN-13(EAN): 9783834910042 Издательство: Springer Рейтинг: Цена: 74530.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The Portfolio Selection Model developed by Markowitz in the 1950s offers a theore- cally founded approach to combining securities into a utility-optimizing investment portfolio, that is, a portfolio leading to the best possible trade-off between the expected return and investment risk. However, when applied in practice, the model often rea- es its limits as soon as certain central assumptions are not fulfilled. This holds es- cially for the assumption of perfect liquidity of all assets in the portfolio, that is, the ability of selling or buying any of these assets at any time immediately and without influencing its market price. A serious additional source of investment risk may arise when no organized and centralized market for a specific asset exists that would d- close the currently prevailing price level, and when the valuations of the asset differ strongly among market participants. Examples of such assets characterized by limited liquidity and valuations' heterogeneity are direct real estate investments, private eq- ty, and many other privately traded goods. A number of rather simple extensions to the Markowitz model allowing for listed - curities with limited liquidity have been developed to date. They are usually based on a price discount due to the lacking ability of an immediate sale. The work of Mora- ki, however, goes further and offers a complex model of market participants' behavior on illiquid markets with heterogeneous expectations.
Автор: Leonard Matz Название: Liquidity Risk Measurement and Management ISBN: 1462892442 ISBN-13(EAN): 9781462892440 Издательство: Неизвестно Рейтинг: Цена: 27570.00 T Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Iwan J. Azis; Hyun Song Shin Название: Managing Elevated Risk ISBN: 9811013799 ISBN-13(EAN): 9789811013799 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy-An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality.
Название: Liquidity Risk, Efficiency and New Bank Business Models ISBN: 3319308181 ISBN-13(EAN): 9783319308180 Издательство: Springer Рейтинг: Цена: 107130.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides insight into current research topics in finance and banking in the aftermath of the financial crisis. In this volume, authors present empirical research on liquidity risk discussed in the context of Basel III and its implications. Chapters also investigate topics such as bank efficiency and new bank business models from a business diversification perspective, the effects on financial exclusion and how liquidity mismatches are related with the bank business model. This book will be of value to those with an interest in how Basel III has had a tangible impact upon banking processes, particularly with regard to maintaining liquidity, and the latest research in financial business models.
Автор: Castagna Название: Measuring and Managing Liquidity Risk ISBN: 1119990246 ISBN-13(EAN): 9781119990246 Издательство: Wiley Рейтинг: Цена: 69690.00 T Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Genetay Название: Bank Competition, Efficiency and Liquidity Creation in Asia Pacific ISBN: 113753382X ISBN-13(EAN): 9781137533821 Издательство: Springer Рейтинг: Цена: 81050.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Banking market integration in the Asia Pacific has greatly accelerated in recent years, in an environment of many other rapid advances in banking and finance.
Автор: Holmstr M. Bengt, Tirole Jean Название: Inside and Outside Liquidity ISBN: 0262518538 ISBN-13(EAN): 9780262518536 Издательство: MIT Press Рейтинг: Цена: 28210.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Two leading economists develop a theory explaining the demand for and supply of liquid assets.
Автор: Prof. Dr. Lutz Johanning; Volker Fl?gel Название: The Microstructure of European Bond Markets ISBN: 3835004239 ISBN-13(EAN): 9783835004238 Издательство: Springer Рейтинг: Цена: 65210.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The volumes outstanding in bond markets are by far larger than in equity markets. Despite this fact, most of the research on the microstructure of financial market s focuses on equity markets. This is even more surprising taking into account that (i) the microstructure of a financial market has a strong influence on its ability to allocate resources efficiently, and (ii) that the results obtained from equity markets cannot be applied to bond markets. The thesis addresses open questions related to the microstructure of bond markets and presents three empirical studies. In the first paper, a unique dataset of transactions in German federal securities is analyzed to address the question whether the historical grown structure of different coexisting trading segments - exchange trading, bilateral OTC trading, and brokered OTC trading - can be economically justified. There is evidence that the different trading segments are indeed regarded as non-interchangeable by the market participants. The second part of the thesis focuses on the price formation in customer-dealer and the interdealer bond markets by applying cointegration econometrics to a dataset of high fi-equency quotes for EMU government bonds. While the customer-dealer market is still very fragmented and intransparent, trading in the interdealer market concentrates on a smaller number of more transparent electronic trading systems like EuroMTS.
Автор: Chadha Название: Interest Rates, Prices and Liquidity ISBN: 1107480035 ISBN-13(EAN): 9781107480032 Издательство: Cambridge Academ Рейтинг: Цена: 40120.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The recent financial crisis forced central banks to resort to a wholly new set of largely untested instruments to restore order, including quantitative easing and the purchase of toxic financial assets. This book assesses the effectiveness of these policy instruments and explores what lessons have so far been learned.
Автор: Vuorenmaa Название: Lit and Dark Liquidity with Lost Time Data ISBN: 1137432608 ISBN-13(EAN): 9781137432605 Издательство: Springer Рейтинг: Цена: 55890.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Since the 2008 financial crisis, researchers and policy makers have been looking to empirical data to distil both what happened and how a similar event can be avoided in the future. In Lit and Dark Liquidity with Lost Time Data, Vuorenmaa analyses liquidity to better understand the crux of the financial crisis.
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