LEADER 05426nam 22006854a 450 001 9910143587103321 005 20170809164704.0 010 $a1-118-67342-5 010 $a1-280-41110-4 010 $a9786610411108 010 $a0-470-03277-4 035 $a(CKB)1000000000357123 035 $a(EBL)255712 035 $a(OCoLC)71555223 035 $a(SSID)ssj0000192899 035 $a(PQKBManifestationID)11180329 035 $a(PQKBTitleCode)TC0000192899 035 $a(PQKBWorkID)10217516 035 $a(PQKB)10274142 035 $a(MiAaPQ)EBC255712 035 $a(EXLCZ)991000000000357123 100 $a20051130d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe liquidity theory of asset prices$b[electronic resource] /$fGordon Pepper with Michael J. Oliver 210 $aChichester, England $cJohn Wiley & Sons$dc2006 215 $a1 online resource (191 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 $a0-470-33877-6 311 $a0-470-02739-8 320 $aIncludes bibliographical references (p. [157]-158) and index. 327 $aThe Liquidity Theory of Asset Prices; Contents; Foreword; Acknowledgements; About the Authors; List of Tables, Figures and Charts; Introduction; Appetiser; Structure of the Book; Language and Jargon; Academic Theories; Modern Portfolio Theory; The Efficient Markets Hypothesis; Forms of Investment Analysis; Fundamental Analysis; Monetary Analysis; Technical Analysis; The Intuitive Approach; What the Book is Going to Say; Part I the Liquidity Theory; 1 Types of Trades in Securities; 1.1 Liquidity Trades and Portfolio Trades; 1.2 Information Trades and Price Trades; 1.3 'Efficient Prices' 327 $a1.4 Expectations of Further Rises or Falls2 Persistent Liquidity Trades; 2.1 Demand for Money; 2.1.1 Transactions Demand for Money; 2.1.2 Savings Demand for Money; 2.1.3 Interest Rates and the Demand for Money; 2.2 Supply of Money; 2.2.1 Printing-Press Money; 2.2.2 Fountain-Pen Money; 2.2.3 Interest Rates and the Supply of Money; 2.3 Monetary Imbalances; 2.4 Excess Money in the Economy; 2.5 Summary; 3 Extrapolative Expectations; 3.1 Sentiment; 3.2 Intuition; 3.3 Decision-Taking Inertia; 3.4 Crowds; 3.5 Fundamental and Monetary Forces in the Same Direction; 4 Discounting Liquidity Transactions 327 $a4.1 Speculation4.2 Timing; 4.3 Short-Term Risk Versus Profits in the Longer Term; Appendix: Speculation and Market Patterns; 5 Cyclical Changes Associated with Business Cycles; 5.1 Introduction; 5.2 Direct and Indirect Effects of Money on Asset Prices; 5.2.1 Money, Business Cycles and Inflation; 5.2.2 Business Cycles and Fundamental Factors: the 'indirect Effect' on Asset Prices; 5.2.3 The Combination of the Indirect and Direct Effects; 5.3 Strategy; 5.4 Timing; 5.5 Sequences; 5.6 Triggers; 6 Shifts in the Savings Demand for Money; 6.1 The Peak of a Business Cycle 327 $a6.2 Running Down Bank DepositsAppendix 6A: Some Bond Arithmetic; Appendix 6B: Government Bond Markets; Part II Financial Bubbles and Debt Deflation; 7 Financial Bubbles; 7.1 Detection of a Bubble; 7.2 Phases; 7.2.1 Chronically Dangerous; 7.2.2 The Burst; 7.2.3 Acutely Dangerous; 7.3 Crosschecks; 8 Debt Deflation; 8.1 The Cure for Debt Deflation; 8.1.1 Money Supply Policy; 8.1.2 Fiscal Policy; Appendix: Ignorance of Irving Fisher's Prescription; Part III Elaboration; 9 Creation of Printing-Press Money; 9.1 The UK in More Detail; 9.2 Four Policies 327 $a10 Control of Fountain-Pen Money and the Counterparts of Broad Money10.1 Control of Bank Lending; 10.1.1 The Teaching in Textbooks; 10.1.2 How Central Banks Operate in Practice; 10.2 Bank Capital; 10.3 The UK in More Detail; 10.4 The 'Counterparts' of Changes in Broad Money; 10.5 Relationship Between the Counterparts; 11 Modern Portfolio Theory and the Nature of Risk; 11.1 Summary; 11.2 Expected Yield; 11.3 Risk; 11.3.1 Risk and the Circumstances of the Investor; 11.3.2 Variation in Risk - Life Assurance Funds; 11.3.3 Investment Managers' Personal Risk; 11.3.4 Unacceptable Risks 327 $a11.4 Exploiting Skewness 330 $aProfessional investors are bombarded on a day to day basis with assertions about the role liquidity is playing and will play in determining prices in the financial markets. Few, if any, of the providers or recipients of such advice can truly claim to understand the well-springs of such liquidity and the transmission mechanisms through which it impacts asset prices. This groundbreaking new book explores the belief that at the core of liquidity there is a force which exerts individuals to effect a financial transaction when they would not otherwise do so. Understanding this force of compulsio 410 0$aWiley finance series. 606 $aMonetary policy 606 $aLiquidity (Economics) 608 $aElectronic books. 615 0$aMonetary policy. 615 0$aLiquidity (Economics) 676 $a332.63232 676 $a332/.041501 686 $a85.30$2bcl 700 $aPepper$b Gordon T.$f1934-$0125509 701 $aOliver$b Michael J$0257307 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910143587103321 996 $aThe liquidity theory of asset prices$92107736 997 $aUNINA LEADER 01022nam a2200253 i 4500 001 991002378519707536 008 131122s1995 it 000 0 ita d 020 $a8848101089 035 $ab14164656-39ule_inst 040 $aDi.S.Te.B.A.$beng 082 0 $a363.7384$222 100 1 $aFischer, Hermann $0105172 245 10$aChimica pulita :$bper un uso intelligente delle materie prime /$cHermann Fischer 260 $aMilano :$bTecniche nuove,$cc1995 300 $avi, 182 p. ;$c24 cm 440 0$aAmbiente 500 $aOrig. Tit.: Pladoyer fur eine sanfte Chemie. - 1993 650 4$aChemical industry$xDangerous effects$xEnvironmental protection 907 $a.b14164656$b03-03-14$c22-11-13 912 $a991002378519707536 945 $aLE003 RON 363 FIS01.01 (1995) [Fondo Ronzini: dislocato c/o il Laboratorio di Chimica organica]$g1$lle003$og$pE0.00$q-$rn$s- $t0$u0$v0$w0$x0$y.i15557418$z22-11-13 996 $aChimica pulita$9261120 997 $aUNISALENTO 998 $ale003$b22-11-13$cm$da $e-$fita$git $h0$i0