Theriskthat an individual or firm will have difficultysellinganassetwithout incurring aloss. That is, there may be a lack of interest in themarketfor a particular asset, forcing theownerto sell it for less than its actualvalue. Liquidity risk may be quantified as the difference between an ass...
Gerding, E. F. (2009). The outsourcing of financial regulation to risk models and the global financial crisis: code.Crash, and Open Source, Washington Law Review,84(2), 127–198. Google Scholar Goetz, M. (2011). Bank organization, market structure and risk taking: evidence and theory fro...
We investigate three major risks of financial markets: credit, recovery and liquidity risks.Chapter 1 studies credit risk in an irreversible investment problem. The analysis demonstrates that optimal investment time is influenced unambig... C Ibarra,J Marcelo 被引量: 0发表: 2010年 加载更多来源...