liquidity, especially for stocks with small market capitalization, high volatility and no listed options; (ii) slowed down price …

asymmetry during the liquidity freeze and market run of October 1907 - one of the most severe financial crises of the 20th … spread decomposition, we also demonstrate that fears of informed trading account for most of that deterioration of liquidity …

Communication Networks, and three wholesale market makers for 20 actively traded stocks with varying liquidity at Nasdaq. Our …

welfare. Key parameters of demand and supply are estimated for leather footwear exports from Taiwan subject to the USA Orderly …

liquidity is inefficient. The reason is that liquidity affects prices and the welfare of others, and creators do not internalize … government must restrict the creation of liquidity by the private sector. …

During the recent financial crisis, central banks have provided liquidity and governments have set up rescue programmes … bank suffering from liquidity shocks, we find that the unregulated bank keeps too much liquidity and monitors too little. A … central bank can alleviate the liquidity problem, but induces moral hazard. Therefore, we introduce an additional authority …

system: international liquidity and exchange rate management. Despite radical changes since World War II in the market … context for liquidity and exchange rate concerns, they remain central to discussions of international macroeconomic policy … coordination. To take two prominent examples of specific (and related) coordination problems, liquidity issues are paramount in …