Lasse Heje Pedersen's Books

Efficiently Inefficient

How Smart Money Invests and Market Prices Are Determined

By: Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Efficiently Inefficient

How Smart Money Invests and Market Prices Are Determined

By: Lasse Heje Pedersen

Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how certain trading strategies make money - and why they sometimes don't. -- from back cover.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

368

Publisher

Princeton University Press

Published Date

ISBN 10

0691196095

ISBN 13

9780691196091

Market Liquidity

Asset Pricing, Risk, and Crises

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Market Liquidity

Asset Pricing, Risk, and Crises

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

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.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

293

Publisher

Cambridge University Press

Published Date

ISBN 10

1139560158

ISBN 13

9781139560153

Market Liquidity

Asset Pricing, Risk, and Crises

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Market Liquidity

Asset Pricing, Risk, and Crises

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

This book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

293

Publisher

Cambridge University Press

Published Date

ISBN 10

0521191769

ISBN 13

9780521191760

Efficiently Inefficient

How Smart Money Invests and Market Prices Are Determined

By: Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Efficiently Inefficient

How Smart Money Invests and Market Prices Are Determined

By: Lasse Heje Pedersen

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

368

Publisher

Princeton University Press

Published Date

ISBN 10

0691196095

ISBN 13

9780691196091

Liquidity and Asset Prices

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Liquidity and Asset Prices

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

109

Publisher

Now Publishers Inc

Published Date

ISBN 10

1933019123

ISBN 13

9781933019123

Liquidity and Asset Prices

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Write a review Read reviews Take a Quiz Solve Book Puzzle

Liquidity and Asset Prices

By: Yakov Amihud,Haim Mendelson,Lasse Heje Pedersen

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

109

Publisher

Now Publishers Inc

Published Date

ISBN 10

1933019123

ISBN 13

9781933019123

Book's by Lasse Heje Pedersen

Efficiently Inefficient

Efficiently Inefficient

Market Liquidity

Market Liquidity

Market Liquidity

Market Liquidity

Efficiently Inefficient

Efficiently Inefficient

Liquidity and Asset Prices

Liquidity and Asset Prices

Liquidity and Asset Prices

Liquidity and Asset Prices

Username

Password

Username

Password

Password again

Birthday

Email