Liquidity Black Holes: Understanding, Quantifying and Managing Financial Liquidity Risk - Couverture souple

Couverture souple

ISBN 10 : 1904339131 ISBN 13 : 9781904339137

Editeur : Risk Books, 2003

Synopsis

This cutting-edge volume brings together a range of leading academics and market practitioners to help you define, understand and measure liquidity risk and "liquidity black holes". Fully explains "liquidity black holes" as episodes where, across markets where liquidity is normally healthy, buyers disappear, and price declines do not help to bring them back - such as in the recent "Long Term Capital Management crisis". Presents evidence that smaller liquidity holes are appearing more routinely in a range of markets. Specifically written in order to help practitioners and policy makers identify and thus avoid markets prone to damaging liquidity black holes. Additionally covers trends and issues in market liquidity, liquidity risk and disclosing positions, liquidity public policy, liquidity in relation to credit and currency markets, and many other issues.

A propos du livre

À propos de l'auteur

Avinash D. Persaud is an investment director of Global Asset Management. He also holds the Mercer Memorial Chair in Commerce at Gresham College and is Chairman of Intelligence Capital, a financial advisory firm for the public sector. Persaud is well known for a number of innovations including the Risk Appetite Index, the EMU Calculator the Event Risk Indicator and the Liquidity Black Holes theory of liquidity and diversity. He has won both major competitions in international finance: the Jacques de Larosiere Award from the Institute of International Finance and a Bronze Amex Bank Award. He is a governor of the London School of Economics, a trustee of the Global Association of Risk Professionals, and a trustee of the Overseas Development Institute. He was formerly a visiting scholar at the IMF, a managing director of State Street, global head of Currency and Commodity Research at J P Morgan and a director at UBS. He graduated from the London School of Economics in monetary economics in 1987.

Détails de l'édition

• Éditeur: Risk Books
• Date d'édition: 2003
• Langue: anglais
• ISBN 10: 1904339131
• ISBN 13: 9781904339137
• Reliure: Broché
• Nombre de pages: 450
• Éditeur: Persuad Avinash
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible