Market liquidity: theory and empirical evidence

The 12 articles in this second of two volumes condense recent advances on investment vehicles, performance measurement and evaluation, and risk management into a coherent springboard for future research. Written by world leaders in asset pricing research, they present scholarship about the 2008 financial crisis in contexts that highlight both continuity and divergence in research. For those who seek authoritative perspectives and important details, this volume shows how the boundaries of asset pricing have expanded and at the same time have grown sharper and more inclusive. This title: offers analyses by top scholars of recent asset pricing scholarship; explains how the 2008 financial crises affected theoretical and empirical research; and, covers core and newly-developing fields.