The interview was first published by the Global Association for Risk Professionals on February 04th 2016
Concerns about market liquidity and related crises are nothing new, but memories are short, says NYU’s Yakov Amihud
Yakov Amihud, the Ira Leon Rennert Professor of Entrepreneurial Finance at the Stern School of Business, New York University, has been studying liquidity for more than three decades. He is the coauthor of “Market Liquidity: Asset Pricing, Risk and Crises” (Cambridge University Press, 2013). His recent work has been around pricing illiquidity, illiquidity premium and liquidity risk of corporate bonds – at a time when liquidity issues are of growing concern among fixed-income market participants and regulators.