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Research
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| Author(s) : Michael
Oliver, Gorder T.Pepper |
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The Liquity
Theory of Asset Prices |
| Abstract
from Book Cover |
| 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. Few, if any, of
the providers or recipients of such advice
can truly claim to understand the well–springs
of such liquidity and the transmission mechanisms
through which it impacts asset prices.
This groundbreaking new book explores the
belief that at the core of liquidity there
is a force which exerts individuals to effect
a financial transaction when they would
not otherwise do so. Understanding this
force of compulsion is a key to understanding
a financial market when it appears to be
behaving irrationally. This book will enable
new and seasoned investors to develop an
understanding of the factors, so that costly
mistakes can be avoided without the lesson
of experience. |
| Keywords
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•
Financial Markets
• Liquidity
• Asset prices
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| Chichester:
John Wily and Sons Ltd, ISBN 0-470-02739-8 |
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