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Trading fees and efficiency in limit order markets

Colliard, Jean-Edouard; Foucault, Thierry - 2011

Persistent link: https://www.econbiz.de/10009155903

Financial crises and the dynamic linkages between stock and bond returns

Eraslan, Sercan; Ali, Faek Menla - 2017

This paper investigates the dynamic linkages in terms of the first and second moments between stock and bond returns, within a wide range of advanced economies, over the different phases of the recent financial crisis. The adopted empirical framework is a bivariate volatility model, where...

Persistent link: https://www.econbiz.de/10011663407

The more we know on the fundamental, the less we agree on the price

Kondor, Péter - 2011

Persistent link: https://www.econbiz.de/10009242925

A theory of asset prices based on heterogeneous information

Albagli, Elias; Hellwig, Christian; Tsyvinski, Aleh - 2013

Persistent link: https://www.econbiz.de/10009713880

Price dynamics and trader overconfidence

Ahrens, Steffen; Bosch-Rosa, Ciril; Roulund, Rasmus Pank - 2019

Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...

Persistent link: https://www.econbiz.de/10012034133

Leverage and asset bubbles : averting armageddon with chapter 11?

Miller, Marcus; Stiglitz, Joseph E. - 2009

Persistent link: https://www.econbiz.de/10003887221

Liquidity and asset prices : a unified framework

Vayanos, Dimitri; Wang, Jiang - 2009

Persistent link: https://www.econbiz.de/10003879945

Coordination failures, bank runs and asset prices

Bucher, Monika; Dietrich, Diemo; Tvede, Mich - 2018

We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on …

Persistent link: https://www.econbiz.de/10011903708

Evaporating liquidity

Nagel, Stefan - 2012

Persistent link: https://www.econbiz.de/10009502427

What are the real effects of financial market liquidity? : evidence on bank lending from the euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018

We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the …

Persistent link: https://www.econbiz.de/10011897986