Market Liquidity C

Prijs: € 42,21
Verwachte levertijd: 3 werkdagen

Omschrijving

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a m...
Lees meer

Gerelateerde artikelen

Uitgebreide omschrijving

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a more accurate and authoritative take on liquidity and price discovery. The authors start from the assumption that not everyone is present at all times simultaneously on the market, and that even the limited number of participants who are have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. This book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated.
Uitgever Oxford University Press
Druk 0
ISBN/EAN 9780199936243
Auteur Foucault, Thierry
Vakken economie en ondernemen

Anderen bestelden ook: