Počet záznamů: 1  

Inside and outside liquidity

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    $a eng
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    $a xxu $a xxk $c US $c GB
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    $a 2411
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    $7 par_us_auth*0063229 $a Holmström, Bengt, $d 1949- $4 aut
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    $a Inside and outside liquidity / $c Bengt Holmström and Jean Tirole
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    $a 1st ed.
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    $a Cambridge, Massachusetts ; $a London, England : $b MIT Press, $c 2013
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    $a viii, 254 s. ; $c 23 cm
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    $a Obsah: Prologue: Motivation and Roadmap--I. Basics of Leverage and Liquidity--1. Leverage--2. A Simple Model of Liquidity Demand--II. Complete Markets--3. Aggregate Liquidity Shortages and Liquidity Premia--4. A Liquidity Asset Pricing Model (LAPM)--III. Public Provision of Liquidity--5. Public Provision of Liquidity in a Closed Economy--6. Liquidity Provision with Access to Global Capital Markets--IV. Waste of Liquidity and Public Policy--7. Financial Muscle and Overhoarding of Liquidity --8. Specialized Inputs and Secondary Markets--Epilogue: Summary and Concluding Thoughts on the Subprime Crisis
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    $a Obsahuje bibliografické odkazy, bibliografii a rejstřík
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    $a "In a slight, but important departure from the standard theory of finance, authors 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. In an epilogue, Holmström and Tirole show how their theory can be used to understand some aspects of the recent financial crisis."--Cover
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    $7 par_us_entry*0004939 $a likvidita peněžního trhu
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    $7 par_us_entry*0005635 $a mezinárodní likvidita
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    $7 par_us_entry*0004303 $a kontrola likvidity
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    $7 par_us_auth*0063230 $a Tirole , Jean, $d 1953- $4 aut
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    $a Inside and outside liquidity (obsah) $u http://www.gbv.de/dms/bowker/toc/9780262518536.pdf

Počet záznamů: 1  

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