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Liquidity, risk and occupational choices
Bianchi, Milo; Bobba, Matteo - HAL - 2010
model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …
Persistent link: https://www.econbiz.de/10010738986
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Nominal Uniqueness and Money Non-neutrality in the Limit-Price Exchange Process
Giraud, Gaël; Tsomocos, Dimitrios P. - HAL - 2010
towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …
Persistent link: https://www.econbiz.de/10010603678
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Price Dynamics in a Markovian Limit Order Market
Cont, Rama; Larrard, Adrien De - HAL - 2013
We propose and study a simple stochastic model for the dynamics of a limit order book, in which arrivals of market order, limit orders and order cancellations are described in terms of a Markovian queueing system. Through its analytical tractability, the model allows to obtain analytical...
Persistent link: https://www.econbiz.de/10010631316
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Ryzyko przedsiębiorstwa wynikające z ekonomicznej kondycji na przykładzie polskich instytucji---Risk of the firm as result of economic health - Polish entities case
Koziarski, Rafal; Brylak, Ewelina; Bułka, Monika - HAL - 2013
W niniejszej pracy, autorzy skoncentrowali się na wyliczeniu oraz analizie wskaźników umożliwiających ocenę kondycji finansowej wybranych przedsiębiorstw oraz jednostki pożytku publicznego. Dane wykorzystywane podczas wyliczeń zaczerpnięto ze sprawozdań finansowych publikowanych przez...
Persistent link: https://www.econbiz.de/10010821153
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Optimal order placement in limit order markets
Cont, Rama; Kukanov, Arseniy - HAL - 2012
To execute a trade, participants in electronic equity markets may choose to submit limit orders or market orders across various exchanges where a stock is traded. This decision is influenced by the characteristics of the order flow and queue sizes in each limit order book, as well as the...
Persistent link: https://www.econbiz.de/10010821294
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Estimating the Proportion of Informed Trade in Call Auctions
Raposo, Juan; Riva, Fabrice; Sogorb, Francisco; Bommel, … - HAL - 2011
trade. If most liquidity demanders are uninformed, there is likely to be significant wash trade among them, resulting in … Normal-like volume distributions. If most liquidity demanders are informed, their trades are correlated so that the volume …
Persistent link: https://www.econbiz.de/10010821472
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L'effet de levier de trésorerie
Juhel, Jean-Claude - HAL - 2008
The effect of leverage on liquidity is a tool for analysing the level of liquidity for a given production process. It … measures the sensitivity of the level of liquidity that results from changes in the volume of production and unit operating … flows from production influence liquidity levels. The estimated costs do not directly influence the level of liquidity …
Persistent link: https://www.econbiz.de/10008789411
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Share repurchase regulations: do firms play by the rules?
Ginglinger, Edith; Hamon, Jacques - HAL - 2009
adverse effect on liquidity only for the smallest and least liquid firms. …
Persistent link: https://www.econbiz.de/10008790731
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Actual share repurchases, timing and liquidity
Ginglinger, Edith; Hamon, Jacques - HAL - 2007
,848 repurchases made by 352 French firms, we show that corporate share repurchases have a significant adverse effect on liquidity as …
Persistent link: https://www.econbiz.de/10008790923
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Liquidity and Arbitrage in Options Markets: A SurvivalAnalysis Approach
Deville, Laurent; Riva, Fabrice - HAL - 2007
conventional limits to arbitrage, we show that liquidity-linked variables are associated with a faster reversion of arbitrage …
Persistent link: https://www.econbiz.de/10008791500