Universität Wien

390080 SE PhD-VGSF: Asset Pricing (2014S)

4.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

Nur nach persönlicher Anmeldung im Student-Office der VGSF. Bitte um vorherige Kontaktaufnahme mit Herrn Adrian Baron,
Email: adrian.baron@wu.ac.at

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 24 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine

Zur Zeit sind keine Termine bekannt.

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course will concentrate on liquidity as and transaction costs, asymmetric information, and search frictions as determinants of an asset's trading liquidity and, consequently, price. The other prominent topic is capital availability, or funding liquidity. Other topics of interest include liquidity risk and institutional responses to liquidity problems.
(ii) availability of funds to nancial institutions. Particular attention will be devoted to exogenous
(i) an asset's property of being traded quickly and at low cost

Art der Leistungskontrolle und erlaubte Hilfsmittel

To be announced!

Mindestanforderungen und Beurteilungsmaßstab

Exogenous transaction cost
Adverse selection in competitive and strategic environment
Financing constraints
Limited capital availability or mobility
Derivative pricing
Search frictions
Short-sale constraints, differences of opinions, and securities lending
Time-varying liquidity and liquidity risk
Corporate-finance effects
Institutional developments motivated by liquidity
Liquidity of financial system

Prüfungsstoff

The class will combine lectures with detailed paper discussions. Each student will be assigned one paper for which to lead the discussion. It is important that all students participate in the research discussion which requires doing the assigned readings.

Literatur

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:46