Decimalization and market liquidity
This study examines the stocks of 1, 339 companies that began decimal trading on the NYSE on January 29, 2001. Using the price impact of a trade as a measure of liquidity, the author finds that decimalization typically led to an improvement in liquidity.
Year of publication: |
2003
|
---|---|
Authors: | Furbine, Craig H. |
Published in: |
Economic Perspectives. - Federal Reserve Bank of Chicago. - 2003, Q IV, v. 27, no. 4, p. 2-12
|
Publisher: |
Federal Reserve Bank of Chicago |
Subject: | Liquidity (Economics) | Stock market | Stocks |
Saved in:
freely available
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