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Inside and outside liquidity

  1. TitleInside and outside liquidity / Bengt Holmström and Jean Tirole
    Author Holmström, Bengt, 1949- (Author)
    Another authors Tirole , Jean, 1953- (Author)
    Issue1st ed.
    PublicationCambridge, Massachusetts ; London, England : MIT Press, 2013
    Scopeviii, 254 s. ; 23 cm
    CountryUnited States ; United Kingdom
    LanguageEnglish
    NoteObsah: 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
    Obsahuje bibliografické odkazy, bibliografii a rejstřík
    Annotation"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
    Výrazy tezauru likvidita peněžního trhu * mezinárodní likvidita * kontrola likvidity
    Klasifikační znaky2411 - Měnová ekonomie
    ISBN978-0-262-51853-6
    Copy count1, currently available 1
    URL Inside and outside liquidity (obsah)
    Document kindMonografie
    View book information on page www.obalkyknih.cz

    book

    Call numberLocationInfo
    F 84581PSS - Poslanecká sněmovna
    Inside and outside liquidity

Number of the records: 1