The liquidity theory of asset prices Oliver Michael J.(著/文) - John Wiley & Sons
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The liquidity theory of asset prices
- 初版年月日
- 2006年1月
- 登録日
- 2017年5月12日
- 最終更新日
- 2017年5月12日
紹介
Professional 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 compulsion is a key to understanding a financial market when it appears to be behaving irrationally. This book will enable new and seasoned investors to develop an understanding of the factors, so that costly mistakes can be avoided without the lesson of experience.
目次
Foreword by Russell Napier. Acknowledgements. About the Authors. List of Tables, Figures and Charts. Introduction. PART I: THE LIQUIDITY THEORY. 1 Types of Trades in Securities. 2 Persistent Liquidity Trades. 3 Extrapolative Expectations. 4 Discounting Liquidity Transactions. 5 Cyclical Changes Associated with Business Cycles. 6 Shifts in the Savings Demand for Money. PART II: FINANCIAL BUBBLES AND DEBT DEFLATION. 7 Financial Bubbles. 8 Debt Deflation. PART III: ELABORATION. 9 Creation of Printing-press Money. 10 Control of Fountain-pen Money and the Counterparts of Broad Money. 11 Modern Portfolio Theory and the Nature of Risk. 12 Technical Analysis and Crowds. 13 The Intuitive Approach to Asset Prices. 14 Forms of Analysis. PART IV: EVIDENCE AND PRACTICAL EXAMPLES. 15 The UK Markets Prior to 1972. 16 The US Equity Market 1960-2002. 17 Two Forecasts. 18 Debt Deflation, Practical Experience. PART V MONITORING DATA. 19 Monitoring Current Data for the Monetary Aggregates. 20 Monitoring Data for the Supply of Money. 21 The Different Sectors of the Economy. Conclusions. Glossary. References. Index.
上記内容は本書刊行時のものです。
