390026 SE PhD-VGSF: Advanced Asset Pricing (2013W)

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

Continuous assessment of course work

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

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Fr 06.09.2013 09:00 to Fr 20.09.2013 14:00
Registration is open from We 25.09.2013 09:00 to Th 26.09.2013 17:00
Deregistration possible until Mo 14.10.2013 23:59

Details

max. 24 participants

Language: English

Lecturers

Alois Geyer

Classes

Currently no class schedule is known.

Information

Aims, contents and method of the course

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

Assessment and permitted materials

To be announced!

Minimum requirements and assessment criteria

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

Examination topics

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.

Reading list

Association in the course directory

D. PhD-Programme Finance (A 094 145): Curriculum 2008

4.06. PhD and Doctoral Programmes

Last modified: Mo 07.09.2020 15:46