Results 11 to 20 of about 292,088 (207)
Liquidity and Market Structure [PDF]
The Journal of Finance, 1988 Market liquidity is modeled as being determined by the demand and supply of immediacy. Exogenous liquidity events coupled with the risk of delayed trade create a demand for immediacy. Market makers supply immediacy by their continuous presence.
Merton H. Miller, Sanford J. Grossman
core +2 more sources
Market liquidity risk: an overview [PDF]
SSRN Electronic Journal, 2009 Market liquidity is the ease of trading an asset. Its risk is the potential loss, because a security can only be traded at high or prohibitive costs. While the omnipresence and importance of market liquidity is widely acknowledged, it has long remained a
Kaserer, Christoph, Stange, Sebastian
core +4 more sources
Market Liquidity and Funding Liquidity [PDF]
Review of Financial Studies, 2005 We provide a model that links a security’s market liquidity — i.e., the ease of trading it — and traders’ funding liquidity — i.e., their availability of funds. Traders provide market liquidity and their ability to do so depends on their funding, that is, their capital and the margins charged by their financiers.
Lasse Heje Pederson +1 more
+8 more sources
Market Neutral Liquidity Provision
LedgerAutomated Market Makers with concentrated liquidity have to date achieved market dominance among competing spot trading AMM models in Decentralized Finance.
Basile Maire, Marcus Wunsch
doaj +2 more sources
Liquid markets and market liquids [PDF]
The European Physical Journal B, 2001 We characterize the collective phenomena of a liquid market. By interpreting the behavior of a no-arbitrage N asset market in terms of a particle system scenario, (thermo)dynamical-like properties can be extracted from the asset kinetics. In this scheme the mechanisms of the particle interaction can be widely investigated. We test the verisimilitude of
G. Cuniberti, L. Matassini
openaire +3 more sources
Regulation and Market Liquidity [PDF]
Management Science, 2015 The aftermath of the 2008-09 U.S. financial crisis has been characterized by regulatory intervention of unprecedented scale. Although the necessity of a realignment of incentives and constraints of financial markets participants became a shared posterior after the near collapse of the U.S.
Francesco Trebbi, Kairong Xiao
openaire +1 more source
Liquidity and Asset Market Dynamics [PDF]
SSRN Electronic Journal, 2010 We study economies with an essential role for liquid assets in transactions. The model can generate multiple stationary equilibria, across which asset prices, market participation, capitalization, output and welfare are positively related. It can also generate a variety of nonstationary equilibria, even when fundamentals are deterministic and time ...
Randall Wright, Guillaume Rocheteau
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Journal of Mathematics, 2021 Liquidity reflects the quality of the market. When the market is short of liquidity, it often causes investors’ trading difficulties and stock price volatility, expanding the investment risk.
Hairong Cui, Jinfeng Fei, Xunfa Lu
doaj +1 more source
Emerging Market Liquidity and Crises [PDF]
Journal of the European Economic Association, 2007 Alors que la sagesse conventionnelle soutient que les marchés ferment en période de crise, les vendeurs ayant du mal à trouver des acheteurs, nous constatons que les marchés continuent de fonctionner pendant les turbulences financières, même dans les économies émergentes étroites et volatiles. Des études d'événements simples indiquent que le volume des
Eduardo Levy Levy-Yeyati +2 more
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Journal of Business and Social Review in Emerging Economies, 2021 Purpose: This research examines the impact of oil prices, exchange rate, stock market index, market volatility and inflation on the stock market liquidity.
Muhammad Husnain +2 more
doaj +1 more source