02242oam 2200625M 450 991071649490332120200213070915.8(CKB)5470000002521192(OCoLC)1065604054(OCoLC)995470000002521192(EXLCZ)99547000000252119220071213d1927 ua 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierClaims for interest on certain foreign drafts. February 17 (calendar day, February 21), 1927. -- Ordered to be printed[Washington, D.C.] :[U.S. Government Printing Office],1927.1 online resource (21 pages) tablesSenate report / 69th Congress, 2nd session. Senate ;no. 1553[United States congressional serial set] ;[serial no. 8687]Batch processed record: Metadata reviewed, not verified. Some fields updated by batch processes.FDLP item number not assigned.Claims for interest on certain foreign drafts. February 17 Collecting of accountsDiplomatic and consular serviceDraftsEconomic assistanceBanks and banking, ForeignInterestGovernment liability (International law)ClaimsInternational relationsLegislative materials.lcgftCollecting of accounts.Diplomatic and consular service.Drafts.Economic assistance.Banks and banking, Foreign.Interest.Government liability (International law)Claims.International relations.Deneen Charles Samuel1863-1940Republican (IL)1386813WYUWYUOCLCOOCLCQOCLCOOCLCQBOOK9910716494903321Claims for interest on certain foreign drafts. February 17 (calendar day, February 21), 1927. -- Ordered to be printed3460854UNINA05284nam 22007933u 450 991078571460332120210112195212.01-316-08866-91-139-56384-X1-139-54899-90-511-84439-51-139-55520-01-139-55395-X1-139-55149-3(CKB)2670000000270083(EBL)989093(OCoLC)817928924(SSID)ssj0000758239(PQKBManifestationID)11414286(PQKBTitleCode)TC0000758239(PQKBWorkID)10780619(PQKB)10314793(MiAaPQ)EBC989093(PPN)261325604(EXLCZ)99267000000027008320130418d2012|||| u|| |engur|n|---|||||txtccrMarket Liquidity[electronic resource] Asset Pricing, Risk, and CrisesCambridge Cambridge University Press20121 online resource (294 p.)Description based upon print version of record.0-521-19176-9 Cover; MARKET LIQUIDITY; Title; Copyright; Contents; Acknowledgments; Introduction and Overview of the Book; PART I: THE EFFECT OF LIQUIDITY COSTS ON SECURITIES PRICES AND RETURNS; Introduction and Overview; CHAPTER 1 Asset Pricing and the Bid-Ask Spread; Summary and Implications; Asset Pricing and the Bid-Ask Spread*; 1. Introduction; 2. A Model of the Return-Spread Relation; 3. Empirical Tests; 3.1. The Data and the Derivation of the Variables; 3.2. Test Methodology; 3.3. The Results; 4. Firm Size, Spread and Return; 5. Conclusion; ReferencesCHAPTER 2 Liquidity, Maturity, and the Yields on U.S. Treasury SecuritiesSummary and Implications; Liquidity, Maturity, and the Yields on U.S. Treasury Securities; I. Liquidity and the U.S. Government Securities Market; II. Empirical Tests; A. The Data; B. The Liquidity Effect; C. Maturity Effects; III. Arbitrage Opportunities; IV. Concluding Remarks; References; CHAPTER 3 Market Microstructure and Securities Values: Evidence from the Tel Aviv Stock Exchange; Summary and Implications; Market Microstructure and Securities Values Evidence from the Tel Aviv Stock Exchange; 1. Introduction2. Trading Mechanisms on the Tel Aviv Stock Exchange2.1. The Call Method; 2.2. The Variable Price Method; 2.3. Transfer Procedure; 3. Methodology and Empirical Results; 3.1. The Data; 3.2. Cumulative Abnormal Returns; 3.3. Liquidity Externalities; 3.4. Liquidity, Efficiency and the Trading Mechanism; 3.4.1. Liquidity; 3.4.2. Efficiency; 3.4.3. The Interaction of Liquidity and Efficiency Improvements; 4. Conclusions; References; PART II: LIQUIDITY RISK; Introduction and Overview; CHAPTER 4 Illiquidity and Stock Returns:Cross-Section and Time-Series Effects; Summary and ImplicationsIlliquidity and Stock Returns Cross-Section and Time-Series Effects1. Introduction; 2. Cross-Section Relationship Between Illiquidity and Stock Return; 2.1. Measures of Illiquidity; 2.2. Empirical Methodology; 2.3. Stock Characteristics; 2.3.1. Liquidity Variables; 2.3.2. Risk Variables; 2.3.3. Additional Variables; 2.4. Cross-Section Estimation Results; 3. The Effect Over Time of Market Illiquidity on Expected Stock Excess Return; 3.1. Estimation Procedure and Results; 3.2. Market Illiquidity and Excess Returns on Size-Based Portfolios3.3. Monthly Data: The Effect of Illiquidity on Stock Excess Returns3.4. Illiquidity Effect, Controlling for the Effects of Bond Yield Premiums; 4. Summary and Conclusion; References; CHAPTER 5 Asset Pricing with Liquidity Risk; Summary and Implications; Asset Pricing with Liquidity Risk; 1. Introduction; 2. Assumptions; 3. Liquidity-Adjusted Capital Asset Pricing Model; 3.1. Three Liquidity Risks; 3.2. Implications of Persistence of Liquidity; 3.3. An Unconditional Liquidity-Adjusted CAPM; 4. Empirical Results; 4.1. The Illiquidity Measure; 4.2. Portfolios; 4.3. Innovations in Illiquidity4.4. Liquidity RiskThis book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.Assets (Accounting) -- Econometric modelsLiquidity (Economics) -- Econometric modelsLiquidity (Economics)Markets -- Econometric modelsSecurities -- PricesLiquidity (Economics)PricesSecuritiesAssets (Accounting) -- Econometric models.Liquidity (Economics) -- Econometric models.Liquidity (Economics).Markets -- Econometric models.Securities -- Prices.Liquidity (Economics)PricesSecurities332.63/222332.63222Amihud Yakov1947-1568009Mendelson Haim1568010Pedersen Lasse Heje1568011AU-PeELAU-PeELAU-PeELBOOK9910785714603321Market Liquidity3839836UNINA