Liquidity and Asset Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Liquidity and Asset Prices write by Yakov Amihud. This book was released on 2006. Liquidity and Asset Prices available in PDF, EPUB and Kindle. Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.
The Cyclical Behavior of the Term Structure of Interest Rates
The Cyclical Behavior of the Term Structure of Interest Rates - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Cyclical Behavior of the Term Structure of Interest Rates write by Reuben A. Kessel. This book was released on 1965. The Cyclical Behavior of the Term Structure of Interest Rates available in PDF, EPUB and Kindle.
Understanding the Polish Capital Market
Understanding the Polish Capital Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Understanding the Polish Capital Market write by Marek Dietl. This book was released on 2022-12-30. Understanding the Polish Capital Market available in PDF, EPUB and Kindle. The first stock exchange in Warsaw – capital city of the Kingdom of Poland– was established in 1817. Over the past 205 years, the fortunes of the capital market have been closely linked to the "bumpy road" of Polish history. The establishment of the GPW Warsaw Stock Exchange in 1991 was a landmark for transformation from a centrally planned communist economy to a market-driven capitalist one. Since the doors of the exchange reopened, Polish GDP per capita (current USD) increased eight times, translating into an average yearly growth rate of over 7%. The capital market has played a pivotal role in the economic success of Poland over the last three decades. It is not easy to precisely quantify the impact, as it was rather a spill-over effect. Economic growth has fostered the development of a capital market, and more efficient conversion of savings to investments via the capital market. The excellence of capital market institutions can be gauged with reference to various parameters. A synthetic measure is so-called market status. According to FTSE Russell (global index provider), Polish capital attained developed market status in 2018, being the first and only post-communist state to do so. It is fair to say that transformation has been completed and developed market status indicates clearly that the institutions and regulations are world class. The current challenge is competing with other developed markets for the best issuers and offering the most demanding investors an excellent trading experience. This book offers scientific insight into the Polish capital market story. Authored by a group of renowned scholars, with contributions aspiring to the highest academic standards for theoretical considerations and empirical research. The book covers various topics, including links between monetary policy and capital markets, micro and macro market structures, and investors and issuers' behaviour and strategies. All chapters are rooted in contemporary finance theory, supported by various econometric models based on the most recently available data. The book aims to provide academics and practitioners insight into the Polish capital market, appealing especially to those interested in gaining a deeper understanding of emerging markets' successful transformation into developed ones. It can also be used as supplementary reading for doctoral and master’s students in finance, particularly relating to capital markets and economics – predominantly development economics and economic policy.
Market Liquidity
Market Liquidity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Market Liquidity write by Yakov Amihud. This book was released on 2013. Market Liquidity available in PDF, EPUB and Kindle. This book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.
General Theory Of Employment , Interest And Money
General Theory Of Employment , Interest And Money - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook General Theory Of Employment , Interest And Money write by John Maynard Keynes. This book was released on 2016-04. General Theory Of Employment , Interest And Money available in PDF, EPUB and Kindle. John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
