Isbn: 9781332268160 - liquidity preference under uncertainty: a model of dynamic investment in illiquid assets, november 1978 (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book delves into the intricate relationship between liquidity and investment decisions, focusing on the dynamics of investing in illiquid assets under uncertainty. The author develops a mathematical model that explores how investors weigh liquidity risks against potential returns, demonstrating that rational investors demand higher rates of return for long-term, unmarketable investments. This liquidity premium increases with the duration of the investment, highlighting the significance of considering the time value of money in investment decisions. The book provides valuable insights into the behavior of investors in uncertain markets and contributes to the understanding of how liquidity affects investment strategies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…