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Liquidity and risk management

Authors :
Garleanu, Nicolae
Pedersen, Lasse Heje
Source :
American Economic Review. May, 2007, Vol. 97 Issue 2, p193, 4 p.
Publication Year :
2007

Abstract

A model of the relationship between market liquidity and risk management is presented. It was observed that tighter practices of risk management results in illiquidity, which in turn leads to even tighter risk management. The feedback effect between risk management and market liquidity is analyzed further.

Subjects

Subjects :
Liquidity (Finance) -- Influence
Liquidity (Finance) -- Models
Risk management -- Influence
Risk management -- Models
Risk management
Business
Economics

Details

Language :
English
ISSN :
00028282
Volume :
97
Issue :
2
Database :
Gale General OneFile
Journal :
American Economic Review
Publication Type :
Academic Journal
Accession number :
edsgcl.197681606

Tools

Authors Abstract Subjects Details