We show evidence of a contemporaneous relation between stock market liquidity and the business cycle. Stock market … liquidity worsen when the economy is slowing down, and this effect is most pronounced for small firms. Using data for both the … US and Norway, we find strong evidence that stock market liquidity predict the current and future state of the economy …

We investigate the information content of aggregate stock market liquidity and ask whether it may be a useful realtime … indicator, both for financial stress, and real economic activity in Norway. We describe the development in a set of liquidity …, showing how market liquidity and trading activity changed for the whole market as well as for individual industry sectors. We …

We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange … consistent with liquidity provision. …