The New Economics of Liquidity and Financial FrictionsAuthor: David Adler
Date: December 2014
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.
Type of study: Consulting research, International organisation
Relevant for: All
Source: The CFA Institute Research Foundation