Urgency, Liquidity, and the Price of Convenience
A monetary asset pricing model estimates the convenience yield of liquidity at 5.1% annually, roughly ten times conventional measures, with only 24% attributable to urgency.
Featured in No. 136 on 23 Oct 2026 · 4 days after release
- Released
- 19 Oct 2026
- First featured
- No. 136 · 23 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:sfu:sfudps:dp26-12
- Authors
- Xinhao Dong and Zijian Wang Lucas Herrenbrueck
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).