9780470027394 - The Liquidity Theory of Asset Prices (The Wiley Finance Series) von Pepper, Gordon; Oliver, Michael (10 Ergebnisse)

Zustand: Like New. Most items will be dispatched the same or the next working day. An apparently unread copy in perfect condition. Dust cover is intact with no nicks or tears. Spine has no signs of creasing. Pages are clean and not marred by notes or folds of any kind.

Zustand: Good. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.

Hardback. Zustand: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.

HRD. Zustand: New. New Book. Shipped from UK. Established seller since 2000.

Zustand: New. In.

Zustand: New. pp. xxv + 163 Illus.

Zustand: New. Professional investors are bombarded on a day to day basis with assertions about the role liquidity is playing and will play in determining prices in the financial markets. Series: Wiley Finance Series. Num Pages: 190 pages, Illustrations. BIC Classification: KFFM. Category: (P) Professional & Vocational. Dimension: 241 x 162 x 23. Weight in Grams: 468. . 2006. 1st Edition. Hardcover. . . . . Books ship from the US and Ireland.

Gebunden. Zustand: New. Gordon Pepper has the unusual combination of an economics degree from Cambridge and actuarial training. Immediately after he finished taking examinations, he became a dealer on the Floor of the London Stock Exchange. His postgraduate university was the ma.

Hardcover. Zustand: Brand New. 1st edition. 190 pages. 9.00x6.25x0.75 inches. In Stock.

Buch. Zustand: Neu. Neuware - For at least the last decade, there has been a growing sense of frustration among market professionals with the attempts by academics to account for the behaviour of financial markets. Very experienced practical people have become highly critical of traditional teaching in universities which is grounded in the so-called Efficient Markets Hypothesis.In this stimulating new book, the authors bridge the gap between academic and practical experience by advancing the liquidity theory of asset prices. For many investment managers, liquidity is a crucial subject to which academics have paid too little attention. The book demonstrates that knowledge of liquidity is vital for understanding markets. For academics who have not been thoroughly exposed to working in financial markets, the liquidity theory of asset prices will add to the explanatory power of the Efficient Markets Hypothesis.The liquidity theory of asset prices explains that an investment transaction often takes place because someone either has cash to invest or needs to raise cash. In the economy as a whole the difference between the amount of cash waiting to be invested and the need to raise cash can be substantial; moreover, an imbalance can persist for many months. Markets react accordingly, going up or down as the case may be. When a market is rising, people become optimistic, and pessimistic when a market is falling. If a trend continues investors start acting as in a crowd. Crowd psychology becomes important. Booms and busts follow.An understanding of these forces is important not only for investors but also for industrialist and governments. This book is the only practical explanation of the liquidity theory of asset prices currently available and the text has been enhanced by its use on MBA and Continuous Professional Development courses. It is guaranteed to go a long way to remedying an embarrassing lack of understanding of an economic force which has moved to the centre stage of financial market understanding.