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the arrival rates of trades and trade composition on market volatility, liquidity and depth. We find that although … volatility increases with the forecasted arrival rates of total trades, it is relatively independent of the forecasted … composition of the trade. We use the opening bid-ask spread as a measure of market liquidity. We find that as the number of trades …
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, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The …
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