The more risk an investor is willing to accept, the more returns he or she should expect to earn to compensate for the risk.

This is an important protection for the financial system, and it also makes calculating a bank's liquidity position much easier for investors. The core of this new requirement is the liquidity ...

To this end, I aim to derive an empirical estimate of the liquidity premium for a hypothetical fully-diversified exchanged- raded collectibles closed-end fund. If the estimated liquidity premium is ...