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Saturday, May 9, 2020 | History

1 edition of Inside and outside liquidity found in the catalog.

Inside and outside liquidity

Bengt Holmström

Inside and outside liquidity

by Bengt Holmström

  • 332 Want to read
  • 39 Currently reading

Published by MIT Press in Cambridge, Mass .
Written in English

    Subjects:
  • Liquidity (Economics)

  • Edition Notes

    Includes bibliographical references (p. [243]-250) and index.

    StatementBengt Holmström and Jean Tirole
    ContributionsTirole, Jean
    Classifications
    LC ClassificationsHG178 .H65 2011
    The Physical Object
    Paginationviii, 254 p. :
    Number of Pages254
    ID Numbers
    Open LibraryOL25546551M
    ISBN 100262015781
    ISBN 109780262015783
    LC Control Number2010036616
    OCLC/WorldCa659413223

      Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. In this case the returns of holding outside liquidity are low and the LRs hold little cash. On the other side of the trade, SRs will then expect to be able to sell a relatively small fraction of assets at close to fair value, and therefore respond by relying more heavily on inside liquidityCited by:

    CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We consider a model of liquidity demand arising from maturity mismatch on one side of the market. This demand can be met with either cash held by those with the liquidity need, what we refer to as inside liquidity, or via asset sales for cash held by agents other than those with liquidity needs. In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with.

    model is outside liquidity. Since the delayed trading equilibrium relies more on outside liquidity it is more e–cient. In the presence of adverse selection, however, outside liquidity involves a dilution of ownership cost so that short-run investors prefer to partially rely on ine–cient inside liquidity. Outside and Inside Liquidity The Quarterly Journal of Economics, Vol. , No. 1, pp. , , Columbia Business School Research Paper No. , Economic Theory Center Working Paper Cited by:


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Inside and outside liquidity by Bengt Holmström Download PDF EPUB FB2

In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they 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 Cited by: In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions.

In a slight, but important, departure from the standard theory of finance, they 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.

In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate Inside and outside liquidity book leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity /5(2).

Inside and Outside Liquidity book. Read reviews from world’s largest community for readers. Why do financial institutions, industrial companies, and hous 4/5(5). In Inside and Outside Liquidity, leading economists Bengt Holmstr m and Jean Tirole offer an original, unified perspective on these questions.

In a slight, but important, departure from the standard theory of finance, they 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.

Inside and Outside Liquidity | Bengt Holmstrom, Jean Tirole | download | B–OK. Download books for free. Find books. ∗The book’s title "Inside and Outside Liquidity" paraphrases Gurley and Shaw’s () "inside and outside money," which distinguishes claims that private parties have on each other versus claims that private parties have on government.

Our usage is consistent with this distinction. Wicksell () was one of the first authors to emphasize the dual role of money as a store of value and a medium of. LiquidityBook Caps Decade with Record-Setting Revenue Growth and Client Wins Contact Info Seventh Avenue, 6th Floor, New York, NY Phone: Support: | Sales: E-Mail: [email protected] Web: LiquidityBook Login LiquidityBook Login.

These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmstrom and Jean Tirole offer an original, unified perspective on these questions.

In a slight, but important, departure from the standard theory of finance, they show how imperfect. In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions drawing on insights from modern corporate finance.

In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they 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 Format: Kindle-editie.

In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions drawing on insights from modern corporate finance.

In a slight, but important departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand. Inside and Outside Liquidity some or all of the long term assets in their books in exchange for cash.

We refer to the cash carried by the short run investors as inside liquidity. Long-horizon investors directly invest in a portfolio of long-term and liquid assets of their own, which is also cash. These investors. In Inside and Outside Liquidity, leading economists Bengt Holmstrom and Jean Tirole offer an original, unified perspective on these questions drawing on insights from modern corporate finance.

These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmstroem and Jean Tirole offer an original, unified perspective on these questions.

In a slight, but important, departure from the standard theory of finance, they show how imperfect. Download Inside and Outside Liquidity or any other file from Books category. HTTP download also available at fast speeds. Outside and Inside Liquidity* Article (PDF Available) in Quarterly Journal of Economics (1) February with 65 Reads How we measure 'reads'.

Outside and Inside Liquidity Patrick Bolton, Tano Santos, Jose A. Scheinkman. NBER Working Paper No. Issued in April NBER Program(s):Asset Pricing, Corporate Finance We consider a model of liquidity demand arising from a possible maturity mismatch between asset revenues and Cited by:   The outcome is that in the immediate-trading equilibrium most of the liquidity is inside liquidity held by SRs, whereas the delayed-trading equilibrium features relatively more outside liquidity than inside liquidity.

The next proposition formalizes this discussion and characterizes the mix of inside and outside liquidity across the two by:. About LiquidityBook. For more than a decade, our advanced suite of trade management products have powered some of the Street’s most sophisticated and demanding trading desks.

Our portfolio, order and execution management system (POEMS) for both the buy- and sell-side, as well as our connectivity and risk solutions, provide a flexible, cost.Bengt Holmström, and Jean Tirole, Inside and Outside Liquidity, Paris, France: MIT Press, Januarypages.In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions.

In a slight, but important, departure from the standard theory of finance, they 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 /5(2).