This paper contends that abundant liquidity in the economy might be an important determinant of market inefficiency … excess liquidity is a cause of market inefficiency, the latter is expected to come out essentially in restrictive monetary … environments. Consistent with this intuition, empirical tests here highlight that expected stock returns in the USA are driven by …

borrowers - from corporations to sovereigns - these agencies add liquidity to markets that would otherwise be illiquid, promote … rating methodology and assess the ratings of these agencies in regards to Greece, France, and the USA. …

that liquidity would play a prime role in pricing retail CDs. …

that liquidity would play a prime role in pricing retail CDs. …