Regarding funding liquidity and market liquidity, which of the following statements is correct? A.The use of a purchased asset as collateral to borrow money against is referred to as market liquidity.B.A decline in a source of funding has the same effect as a decrease in margin.C.A loss ...
Distressed securities are less liquid than Treasuries and a 100m position is more illiquid than a 10m position. 第3 题 平均正确率 :0% 您的答案:未作答 正确答案:D 解析: Statement I and II are incorrect; statement I is market liquidity risk while statement II is funding liquidity risk. ...
funding liquiditymarket liquidityMarkov regime‐switching modelWe investigate the time﹙arying relationship of funding liquidity (FL) and market liquidity (ML) in a Markov regime﹕witching model. By using a comprehensive U.S. TRACE dataset, we provide strong evidence that FL and corporate bond ML ...
MarketLiquidityandFundingLiquidity MarkusK.Brunnermeier PrincetonUniversity LasseHejePedersen NewYorkUniversity Weprovideamodelthatlinksanasset’smarketliquidity(i.e.,theeasewithwhichitis traded)andtraders’fundingliquidity(i.e.,theeasewithwhichtheycanobtainfunding). Tradersprovidemarketliquidity,andtheirability...
Market liquidity describes the market's ability of trading,and funding liquidity reflects the investors' ability to obtain funding,understanding the relationship between two kinds of liquidity is important for measuring the healthy degree of financial market as well as fending off the risk of financial...
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Regarding funding liquidity and market liquidity, which of the following statements is correct?A.The use of a purchased asset as collateral to borrow money against is referred to as market liquidity.B.A decline in a source of funding has the same effect
blog.sina.com.cn|基于14个网页 3. 市场流动性 市场流动性(Funding liquidity) 国债回购市场 (Market liquidity) 图 1 不同流动性概念之间的关系 在实践中,对银行的流动性管理 … wenku.baidu.com|基于4个网页 释义: 全部,资金流动性,融资流动性,市场流动性...
Market Liquidity and Funding Liquidity Market Liquidity and Funding Liquidity∗ Markus K.Brunnermeier†Princeton University Lasse Heje Pedersen‡New York University β-Revision:August2006 Abstract We provide a model that links a assets’market liquidity—i.e.,the ease of trading it—and traders’...
Further analysis reveals that the positive relationship betweeri funding liquidity and market liquidity in the options market is mainly driven by short-term and deep out-of the-money options Our results remain robust after controlling or the confounding of the equity market and different data, frequ...