Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that ex

Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that ex

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

During the period leading up to the global financial crisis many asset classes registered rapid price increases. This coincided with a significant rise in globa