of TTT on the liquidity of the constituent stocks. The empirical result coincides with the expectation of arbitrage … hypothesis that the liquidity of the constituents is increased after the introduction of TTT. Although both changing patterns … among categories of size and sector are not significantly different, most of the liquidity measures of smaller companies …

better lending decisions. ETPLs also offer the potential to better align the interests of banks stakeholders, leverage bank …

options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic … deficiencies, vast externalities and tremendous potentials for moral hazard, that arise as banks push depositor funds into poorly …

. Incentive of commercial banks to lower transaction costs is also very important. Although shifting business off balance sheet …