MARC details
| 000 -LEADER |
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| fixed length control field |
02765nam a22003257i 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20250810155003.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
250728q2023 nyua fr 001 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9780197542064 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
EG-GaU |
| Transcribing agency |
EG-GaU |
| Modifying agency |
EG-GaU |
| Description conventions |
rda |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER |
|---|
| Edition number |
23 |
| Classification number |
332.63 |
| Item number |
F.T.M |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Foucault, Thierry, |
| Relator term |
author. |
| 9 (RLIN) |
62000 |
| 245 10 - TITLE STATEMENT |
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| Title |
Market liquidity : |
| Remainder of title |
theory, evidence, and policy / |
| Statement of responsibility, etc. |
Thierry Foucault, Marco Pagano, Ailsa Röell. |
| 250 ## - EDITION STATEMENT |
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| Edition statement |
Second edition. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
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| Place of production, publication, distribution, manufacture |
New York : |
| Name of producer, publisher, distributor, manufacturer |
Oxford University Press, |
| Date of production, publication, distribution, manufacture, or copyright notice |
[2023]. |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
510 pages : |
| Other physical details |
illustrations ; |
| Dimensions |
24 cm. |
| 336 ## - CONTENT TYPE |
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| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
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| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
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| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
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| Bibliography, etc. note |
Includes bibliographical references and index.<br/> |
| 505 ## - FORMATTED CONTENTS NOTE |
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| Formatted contents note |
Preface -- Introduction -- Part One: Institutions -- 1. Trading Mechanics and Market Structure -- 2. Measuring Liquidity -- 3. Order Flow, Liquidity, and Security Price Dynamics -- 4. Trade Size and Market Depth -- 5. Estimating the Determinants of Market Illiquidity -- Part Two: Market Design and Regulation -- 6. Limit Order Book Markets -- 7. Market Fragmentation -- 8. Market Transparency -- 9. Algorithmic and High Frequency Trading -- Part Three: Implications for Asset Prices, Financial Instability, and Corporate Policies -- 10. Liquidity and Asset Prices -- 11. Financial Stability and Market Liquidity -- 12. Liquidity, Price Discovery, and Corporate Policies -- References -- Index. |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. In Market Liquidity, Thierry Foucault, Marco Pagano, and Ailsa Röell offer a more accurate take on the liquidity of securities markets, its determinants, and its effects. They start from the assumption that not everyone is present at all times simultaneously on the market, and that even the limited number of participants who are have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus, a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Liquidity (Economics). |
| 9 (RLIN) |
62001 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Financial markets. |
| 9 (RLIN) |
62002 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Market structure. |
| 9 (RLIN) |
62003 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Financial regulation. |
| 9 (RLIN) |
62004 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Pagano, Marco, |
| Relator term |
author. |
| 9 (RLIN) |
62005 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Röell, Ailsa, |
| Relator term |
author. |
| 9 (RLIN) |
62006 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Koha item type |
Books |