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The New Economics of Liquidity and Financial Frictions

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The New Economics of Liquidity and Financial Frictions image
ISBN-10:

1934667773

ISBN-13:

9781934667774

Author(s): Adler, David
Released: Dec 05, 2014
Publisher: CFA Institute Research Foundation
Format: Paperback, 124 pages
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Description:

The New Economics of Liquidity and Financial Frictions is a book about a new branch of economics that is largely a synthesis of macro and finance. In many ways, it is a radical departure from the older, frictionless approach still prevalent in economic textbooks and most of academia. This book provides a new understanding and approach to asset pricing, risk measurement and management, central banking policy, and the overall working of today’s economy, including questions of financial stability.

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