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Special issue on the consolidation of the financial services industry . a conference sponsored by the Federal Reserve Bank of New York

Berger, Allen N. (contributor); … - 1999

Persistent link: https://www.econbiz.de/10001363938

An empirical analysis of stock and bond market liquidity

Chordia, Tarun (contributor); Sarkar, Asani (contributor); … - 2003 - [Elektronische Ressource]

This paper explores liquidity movements in stock and Treasury bond markets over a period of more than 1800 trading days. Cross-market dynamics in liquidity are documented by estimating a vector autoregressive model for liquidity (that is, bid-ask spreads and depth), returns, volatility, and...

Persistent link: https://www.econbiz.de/10001752003

Bank integration and business volatility

Morgan, Donald P. (contributor); Rime, Bertrand (contributor) - 2000 - [Elektronische Ressource]

shocks are dampened by integration while others are amplified. Empirically, we find that integration diminishes employment … growth fluctuations within states, and decreases the deviations in employment growth across states. In other words, business …

Persistent link: https://www.econbiz.de/10001590074

Common determinants of bond and stock market liquidity : the impact of financial crises, monetary policy, and mutual fund flows

Chordia, Tarun (contributor); Sarkar, Asani (contributor); … - 2001 - [Elektronische Ressource]

We study common determinants of daily bid-ask spreads and trading volume for the bond and stock markets over the 1991-98 period. We find that spread changes in one market are affected by lagged spread and volume changes in both markets. Further, spread and volume changes are predictable to a...

Persistent link: https://www.econbiz.de/10001629622