Last edited by Zubei
Tuesday, May 5, 2020 | History

2 edition of Liquidity and the threat of fraudulent assets found in the catalog.

Liquidity and the threat of fraudulent assets

Yiting Li

Liquidity and the threat of fraudulent assets

by Yiting Li

  • 379 Want to read
  • 36 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementYiting Li, Guillaume Rocheteau, Pierre-Olivier Weill
SeriesNBER working paper series -- working paper 17500, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17500.
ContributionsRocheteau, Guillaume, Weill, Pierre-Olivier, National Bureau of Economic Research
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL25165980M
LC Control Number2011657385

(1) The threat of fraud adversely affects asset liquidity both in terms of the quantities offered in a match (a notion of pledgeability) and acceptance rates. In particular, the threat of fraud reduces the median quantities of notes and widgets offered relative to the perfect information benchmark, and these quantities are higher for higher. existence of a possibility of having other unidentified ratios that can detect fraud, some financial reports could not be used due to incomplete reporting structure and information, and the sample of fraudulent financial reports and non-fraudulent financial reports were limited to reported cases only.

  The Threat of Contagion. Each crisis is bigger than the one before. In complex dynamic systems such as capital markets, risk is an exponential function of system scale. assets; 2. liquidity risk connected with the ability of the company to pay its short term liabilities by using assets that can be quickly converted into cash (current assets); 3. long-term stability risk connected with the sources of finance used to buy long-term assets (fixed assets) and long-term insolvency risk.

Liquidity risk is as much a risk of underperformance of assets as it is a risk of bankruptcy; however, perceived liquidity shortages can contribute to further problems Liquidity risk should be managed in an integrated asset/liability framework, taking into account key factors (operating cash position, inflation-sensitivity of liabilities. Written by leading practitioners from a variety of fraud-related fields, our professional publications teach practical solutions that can be applied immediately. Build your anti-fraud library with these books and manuals reviewed by the ACFE Research Team. Look for titles with the icon. These are written by Certified Fraud Examiners.


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Liquidity and the threat of fraudulent assets by Yiting Li Download PDF EPUB FB2

Liquidity and the Threat of Fraudulent Assets Yiting Li National Taiwan University Guillaume Rocheteau University of California, Irvine, and University of Paris 2 Pierre-Olivier Weill University of California, Los Angeles, National Bureau of Economic Research, and Centre for.

In equilibrium, assets are partitioned into three liquidity tiers, which differ in their resalability, prices, haircuts, sensitivity to shocks, and responses to policies.

Liquidity and the Threat of Fraudulent Assets | Journal of Political Economy: VolNo 5Cited by: We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent practices.

We assume that agents can produce fraudulent assets at a positive cost, which generates endogenous upper bounds on the quantity of each asset that can be sold, or posted as collateral in the OTC by: Liquidity and the Threat of Fraudulent Assets.

Yiting Li, Guillaume Rocheteau, Pierre-Olivier Weill. NBER Working Paper No. Issued in October Books Recent Books Earlier Books (by decade) Browse books by Series Chapters from Books In Process Free Publications Cited by: Liquidity and the Threat of Fraudulent Assets.

BibTeX @MISC{Li_liquidityand, author = {Yiting Li and Guillaume Rocheteau and Pierre-olivier Weill and Yiting Li and Guillaume Rocheteau and Pierre-olivier Weill}, title = {Liquidity and the Threat of Fraudulent Assets}, year = {}}. of assets, as means of payment or collateral, is limited by the threat of fraudulent practices.

We assume that agents can produce fraudulent assets at a positive cost, which generates endogenous. Each of these endogenous, asset-specific, resalability constraints depends on the cost of fraud, on the frequency of trade, and on the asset price.

In equilibrium, assets are partitioned into three liquidity tiers, which differ in their resalability, prices, haircuts, sensitivity to shocks, and responses to policies. Assets and the threat of fraud Assets come in (arbitrary) nitely many types s 2S Supply of A(s) shares, with terminal value normalized to 1 Type-speci c vulnerability to fraud At t = 0, for a xed cost k(s), can create type{fraudulent assets Fraudulent asset zero terminal value zero may be used in decentralized trades.

Liquidity and the Threat of Fraudulent Assets Yiting Li Guillaume Rocheteau Pierre-Olivier Weill October 3, Abstract We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or.

Liquidity and the Threat of Fraudulent Assets. By Yiting Li, Guillaume Rocheteau and Pierre-olivier WeillYiting Li, Guillaume Rocheteau and Pierre-olivier Weill. Abstract. w o r k i n Topics: comments that gr.

Year: OAI identifier: oai: Liquidity and the Threat of Fraudulent Assets Yiting Li Guillaume Rocheteau Pierre-Olivier Weill Septem Abstract We study an over-the-counter (OTC) market with bilateral meetings and bargaining, where the usefulness of assets as a means of payment or collateral is limited by the threat of fraudu-lent practices.

Get this from a library. Liquidity and the threat of fraudulent assets. [Yiting Li; Guillaume Rocheteau; Pierre-Olivier Weill; National Bureau of Economic Research.] -- We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent practices.

We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent by: The ratios on Sales/ Total Assets measured the capital turnover, represents the sales generating power of firm’s assets and measures management’s ability to deal with competitive situations.

Persons () argued that management of fraud firms may be less competitive than management of non-fraud firms in using assets to generate sales. This new edition of The Handbook of ALM in Banking: Managing New Challenges for Interest Rates, Liquidity and the Balance Sheet provides a complete overview on good practices for asset and liability management in banking.

Since the previous edition, considerable changes have taken place in the regulatory ALM space. Both for liquidity risk as well as for interest rate risk in the banking book.

Each endogenous, asset-specific, resalability constraint depends on the vulnerability of the asset to fraud, on the frequency of trade, and on the current and future prices of the asset.

the relationship between liquidity and profitability on the short and long run. On their article, it was developed an exploratory research with a group of retailing companies in the Brazilian market.

The objective was to analyze the interaction between the accounting liquidity and the performance of the companies on the short and medium run. A step-by-step guide to develop a flexible comprehensive operational due diligence program for private equity and real estate funds.

Addressing the unique aspects and challenges associated with performing operational due diligence review of both private equity and real estate asset classes, this essential guide provides readers with the tools to develop a flexible comprehensive operational due Reviews: 8.

"Liquidity and the threat of fraudulent assets," Working Papers (Old Series)Federal Reserve Bank of Cleveland, revised Yiting Li & Guillaume Rocheteau & Pierre-Olivier Weill, "Liquidity and the Threat of Fraudulent Assets," NBER Working Papers.

Ksh billion assets (SASRA, ) which represented 31% of the national savings. The expanded institutions are currently offering banking like services in the name of Fosas and Sasas, (Manyara ) which posed new risks in credit, fraud and liquidity among others.Market Liquidity: Asset Pricing, Risk, and Crises Yakov Amihud.

out of 5 stars 3. Kindle Edition. $ Empirical Market Microstructure: The Institutions, Economics, and Econometrics of Securities Trading Joel Hasbrouck.

out of 5 stars Kindle Edition. $Reviews: Monetary Policy and Asset Prices Risk and Liquidity The Liquidity Structure of Assets' Yields Costly Acceptability Pledgeability and the Threat of Fraud Further Readings 14 Asset Price Dynamics Asset Prices with Perfect Credit Asset Prices when Liquidity is Price: $