𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Liquidity and Risk Management

✍ Scribed by Nicolae Gârleanu and Lasse Heje Pedersen

Book ID
125666249
Publisher
American Economic Association
Year
2007
Tongue
English
Weight
813 KB
Volume
97
Category
Article
ISSN
0002-8282

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📜 SIMILAR VOLUMES

Risk management with options and futures
Risk management with options and futures under liquidity risk
✍ Axel F. A. Adam-Müller; Argyro Panaretou 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 367 KB 👁 2 views

## Abstract Futures hedging creates liquidity risk through marking to market. Liquidity risk matters if interim losses on a futures position have to be financed at a markup over the risk‐free rate. This study analyzes the optimal risk management and production decisions of a firm facing joint price