This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in …

changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

The goal of this paper is to study how informational frictions affect asset liquidity in OTC markets in a laboratory …

assets are likely to serve as media of exchange or collateral (a definition of liquidity often employed in monetary theory …), or that they can be easily sold in a secondary market, if needed (a definition of liquidity closer to the one adopted in … finance)? We develop a model where these two notions of asset liquidity coexist, and their relative importance is determined …

We analyze the relationship between the long term development in liquidity at the Oslo Stock Exchange and the Norwegian … economy for the period 1980 to 2007. We calculate different liquidity measures that captures various dimensions of liquidity … over time and across industry groups. Overall, we find that the liquidity at the OSE has improved over the sample period …

through which foreign institutional investors influence the liquidity on the Chinese stock markets. Firstly, we find that … market participation by foreign institutional investors promotes liquidity both for state-owned enterprises (SOEs) and non …-SOEs. Secondly, foreign institutions influence liquidity through the informational frictions channel, but not through the real …