The Amihud and Mendelson (1986) pricing model discussed in the previous section shows the sensitivity of asset prices to liquidity. In reality, liquidity is not a constant but fluctuates substantially over time. Previous article, which graphed the quoted and effective bid–ask spread over time, illustrates this point. Recent studies on equity market liquidity, such as [...]
Posts Tagged ‘revenue’
Debt management as an economy class project?
Before you approach a college professor to ask him to take on your product as a class project you will need to clearly establish what it is you wish to learn. There are usually no set guidelines on what the students will and will not do as a part of the project. The clearer you [...]