Jiang Wang. (contributor) - Qiu, Weiyang, Ph. D. Massachusetts Institute of Technology - 2010
the risk of potential liquidity crashes. The potentially illiquid assets tend to have a lower price, a higher volatility … volatility over the fundamentals. The risk of potential liquidity crises will also generate rich patterns in return dynamics and …The first part of the thesis studies the impact of liquidity crashes on asset prices. In financial markets, liquidity …