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  • 1
    Book
    Book
    Cambridge, Mass. : National Bureau of Economic Research
    UID:
    b3kat_BV023593941
    Format: 41 S. , graph. Darst. , 22 cm
    Series Statement: Working paper series / National Bureau of Economic Research 14058
    Content: "This paper presents an equilibrium model for the demand and supply of liquidity and its impact on asset prices and welfare. We show that when constant market presence is costly, purely idiosyncratic shocks lead to endogenous demand of liquidity and large price deviations from fundamentals. Moreover, market forces fail to lead to efficient supply of liquidity, which calls for potential policy interventions. However, we demonstrate that different policy tools can yield different efficiency consequences. For example, lowering the cost of supplying liquidity on the spot (e.g., through direct injection of liquidity or relaxation of ex post margin constraints) can decrease welfare while forcing more liquidity supply (e.g., through coordination of market participants) can improve welfare"--National Bureau of Economic Research web site
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    URL: Volltext  (kostenfrei)
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  • 2
    Book
    Book
    Cambridge, Mass. : National Bureau of Economic Research
    UID:
    b3kat_BV023593898
    Format: 42 S. , graph. Darst. , 22 cm
    Series Statement: Working paper series / National Bureau of Economic Research 14013
    Content: "In this paper, we develop an equilibrium model for stock market liquidity and its impact on asset prices when constant market presence is costly. We show that even when agents' trading needs are perfectly matched, costly market presence prevents them from synchronizing their trades and hence gives rise to endogenous order imbalances and the need for liquidity. Moreover, the endogenous liquidity need, when it occurs, is characterized by excessive selling of significant magnitudes. Such liquidity-driven selling leads to market crashes in the absence of any aggregate shocks. Finally, we show that illiquidity in the market leads to high expected returns, negative and asymmetric return serial correlation, and a positive relation between trading volume and future returns. We also propose new measures of liquidity based on its asymmetric impact on prices and demonstrate a negative relation between these measures and expected stock returns"--National Bureau of Economic Research web site
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    URL: Volltext  (kostenfrei)
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  • 3
    UID:
    b3kat_BV023592429
    Format: 41, [9] S. , 22 cm
    Series Statement: Working paper series / National Bureau of Economic Research 12502
    Content: We show that a significant number of households can perform a tax arbitrage by cutting back on their additional mortgage payments and increasing their contributions to tax-deferred accounts (TDA). Using data from the Survey of Consumer Finances, we show that about 38% of U.S. households that are accelerating their mortgage payments instead of saving in tax-deferred accounts are making the wrong choice. For these households, reallocating their savings can yield a mean benefit of 11 to 17 cents per dollar, depending on the choice of investment assets in the TDA. In the aggregate, these mis-allocated savings are costing U.S. households as much as 1.5 billion dollars per year. Finally, we show empirically that this inefficient behavior is unlikely to be driven by liquidity considerations and that self-reported debt aversion and risk aversion variables explain to some extent the preference for paying off debt obligations early and hence the propensity to forgo our proposed tax arbitrage.
    Note: Literaturverz. S. 38 - [42]
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    URL: Volltext  (kostenfrei)
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  • 4
    Online Resource
    Online Resource
    Cham :Springer International Publishing,
    UID:
    edoccha_BV044661787
    Format: 1 Online-Ressource (XII, 207 p. 59 illus., 58 illus. in color).
    ISBN: 978-3-319-66200-8
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-319-66199-5
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
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  • 5
    UID:
    almahu_9947421378302882
    Format: XII, 207 p. 59 illus., 58 illus. in color. , online resource.
    ISBN: 9783319662008
    Content: In today’s era of genomic testing, targeted cancer therapies, and increased cancer survivorship, recognition and management of oncologic disease in children is becoming more important to address. This book familiarizes clinicians with the range of oncologic issues that pediatric dermatologists encounter, including the diagnosis and management of various skin tumors, cutaneous reactions to cancer therapies, and both acute and long term complications of cancer therapy. Written and edited by experts in the field, Pediatric Skin Tumors and Cutaneous Reactions to Cancer Therapy explores these important topics, beginning with the discussion of various skin tumors, and associated genetic syndromes, followed by chapters on acute cutaneous reactions to traditional and targeted cancer therapies, graft versus host disease, and opportunistic skin infections. This book concludes with the discussion of both malignant and nonmalignant late effects of the skin in childhood cancer survivors.  .
    Note: Table of Contents -- Preface -- Acknowledgements -- 1. Melanoma and Spitz Nevi in Children -- 2. Congenital Nevi -- 3. Lymphoproliferative Disorders of the Skin -- 4. Other Proliferative Disorders of the Skin -- 5. Malignancy-Associated Genodermatoses -- 6. Malignant Soft Tissue Tumors in Children -- 7. Cutaneous Reactions to Traditional Chemotherapy and Radiation Therapy -- 8. Cutaneous Reactions to Targeted AntiCancer Agents -- 9. Pediatric Graft-Versus-Host Disease -- 10. Opportunistic Skin Infections in Immunosuppressed Children -- 11. Skin Cancer and Other Late Effects of Cancer Therapy.
    In: Springer eBooks
    Additional Edition: Printed edition: ISBN 9783319661995
    Language: English
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  • 6
    Online Resource
    Online Resource
    Cham :Springer International Publishing,
    UID:
    edocfu_BV044661787
    Format: 1 Online-Ressource (XII, 207 p. 59 illus., 58 illus. in color).
    ISBN: 978-3-319-66200-8
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-319-66199-5
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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