Stange, Sebastian; Kaserer, Christoph - Fakultät für Wirtschaftswissenschaften, Technische … - 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 … an overview on important aspects of market liquidity and its risk. We also survey existing models to integrate market …