BIROn - Birkbeck Institutional Research Online

    Liquidity preference and information

    Kapur, Sandeep (2010) Liquidity preference and information. Working Paper. Birkbeck College, University of London, London, UK.

    [img]
    Preview
    Text
    7547.pdf - Published Version of Record

    Download (225kB) | Preview

    Abstract

    This paper explores the link between anticipated information and a preference for liquidity in investment choices. Given a subjective ordering of investment portfolios by their liquidity, we identify a sufficient condition under which the prospect of finer resolution of uncertainty creates a preference for more liquid positions. We then show how this condition might arise naturally in some standard classes of sequential decision problems.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BWPEF 1008
    Keyword(s) / Subject(s): Liquidity preference, information
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 21 Jun 2013 09:37
    Last Modified: 02 Aug 2023 17:05
    URI: https://eprints.bbk.ac.uk/id/eprint/7547

    Statistics

    Activity Overview
    6 month trend
    399Downloads
    6 month trend
    441Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item