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 questionsShop Courses