Study Notes: Hull, RMFI, Chapter 24: Liquidity Risk

Hull, RMFI, Chapter 24: Liquidity Risk Study Notes contains 22 pages covering the following learning objectives:

* Explain and calculate liquidity trading risk via cost of liquidation and liquidity-adjusted VaR (LVaR).
* Identify liquidity funding risk, funding sources, and lessons learned from real cases: Northern Rock, Ashanti Goldfields, and Metallgesellschaft.
* Evaluate Basel III liquidity risk ratios and BIS principles for sound liquidity risk management.
* Explain liquidity black holes and identify the causes of positive feedback trading.

After reviewing the notes, you will be able to apply what you learned with practice questions

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