liquid instrument suffers from liquidity shocks that induce periods of increased volatility and significant return … positions by the two main trader classes in the market, namely hedgers and speculators. As positions become extreme, approaching … their historical limits, counterparties for trades become scarce and prices must adjust to induce trade. These liquidity …

year 2011-12 witnessed unprecedented liquidity scarcity in the Indian market and rolling over a debt was considered costly … the same falls at the longer end. The reason may be the uncertainty existing in the short term with respect to liquidity …

We document the association between a firm's payout policy and its stock's liquidity. In particular, we show that … dividend-paying firms have a more liquid market for their stock and measures of a stock's liquidity is positively linked to its … probability of being a dividend payer. Furthermore, this link between dividends and liquidity is stronger when shareholders are …

). • Considering Management of Liquidity Issues, banks should carefully consider Collateral Management in case of liquidity issues (e …

tends to constrain the market maker’s capacity to arbitrage; particularly when the underlying price is mean averting as …

This article examines the behavior and performance of speculators and hedgers in 15 U.S. futures markets. We find that … after controlling for market risk factors, speculators are contrarians, but respond positively to market sentiment. In … speculators (hedgers) are positively (negatively) correlated with subsequent abnormal returns; however, it does not appear that …