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Commercial law. Economic law (general) --- France --- AA / International- internationaal --- FR / France - Frankrijk --- 333.640 --- 333.610 --- 336.211 --- Beursverrichtingen: algemeenheden. --- Effectenbeurzen: algemeenheden. --- Vermogensbelasting en vermogensaanwasbelasting. --- Stock exchanges --- Effectenbeurzen: algemeenheden --- Beursverrichtingen: algemeenheden --- Vermogensbelasting en vermogensaanwasbelasting --- Bourse de Paris. --- Paris.
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Stock exchanges. --- Uncertainty. --- Keynesian economics. --- Uncertainty --- Keynesian economics --- Stock exchanges --- AA / International- internationaal --- 333.613 --- 333.640 --- 330.47 --- 333.612 --- 333.611 --- Bulls and bears --- Commercial corners --- Corners, Commercial --- Equity markets --- Exchanges, Securities --- Exchanges, Stock --- Securities exchanges --- Stock-exchange --- Stock markets --- Capital market --- Efficient market theory --- Speculation --- Post-Keynesian economics --- Schools of economics --- Reasoning --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties. --- Beursverrichtingen: algemeenheden. --- Keynes en zijn school. --- Officiële beursnoteringen. Noteringsmethodes van effecten. --- Organisatie, reglement, bewaking. --- Keynes en zijn school --- Organisatie, reglement, bewaking --- Officiële beursnoteringen. Noteringsmethodes van effecten --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties --- Beursverrichtingen: algemeenheden
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This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact when trading and facing a long time to unload a large position. Liquidity risk is higher if a security becomes more illiquid when it needs to be traded in the future, which will raise trading cost. The book shows that higher illiquidity and greater liquidity risk reduce securities prices and raise the expected return that investors require as compensation. Aggregate market liquidity is linked to funding liquidity, which affects the provision of liquidity services. When these become constrained, there is a liquidity crisis which leads to downward price and liquidity spiral. Overall, the volume demonstrates the important role of liquidity in asset pricing.
Business, Economy and Management --- Economics --- Assets (Accounting) -- Econometric models. --- Liquidity (Economics) -- Econometric models. --- Liquidity (Economics). --- Markets -- Econometric models. --- Securities -- Prices. --- Liquidity (Economics) --- Securities --- Prices --- Blue sky laws --- Capitalization (Finance) --- Investment securities --- Portfolio --- Scrip --- Securities law --- Underwriting --- Investments --- Investment banking --- Assets, Frozen --- Frozen assets --- Finance --- Law and legislation --- E-books --- 305.91 --- 333.613 --- 333.640 --- AA / International- internationaal --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties --- Beursverrichtingen: algemeenheden --- Prices.
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This survey contains more than 3,000 formulas and methods from the field of finance and insurance mathematics (as well as related formulas in mathematics, probability theory, statistics, econometrics, index numbers, demography, stochastic processes and time series). The formulas are mostly applicable in financial and actuarial practice. Their mathematical level ranges from simple ones based on arithmetic to very sophisticated matters of higher mathematics (e. g. stochastic calculus), but they are usually presented in the form most frequently used in applications. Explanations and references to related parts of the survey are given so that one can easily browse and look them up in the text; the detailed Index is also helpful for this purpose. The survey will be of benefit for students, researchers and practitioners in finance and insurance.
Statistical science --- Macroeconomics --- Finance --- Mathematical statistics --- Business economics --- financieel management --- statistiek --- macro-economie --- sociale interventies --- econometrie --- Banks and banking --- Business mathematics --- Financial institutions --- Insurance --- 303.0 --- 333.640 --- 51 --- 657.02 --- AA / International- internationaal --- Actuarial science --- Financial intermediaries --- Lending institutions --- Associations, institutions, etc. --- Arithmetic, Commercial --- Business --- Business arithmetic --- Business math --- Commercial arithmetic --- Mathematics --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Money --- Statistical methods --- Statistische technieken in econometrie. Wiskundige statistiek (algemene werken en handboeken) --- Beursverrichtingen: algemeenheden --- Wiskunde --- Handelsrekenen. Financiële algebra. Actuariële wiskunde. Aflossingstabellen
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