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. …

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 …

Economic theory suggests that in a competitive market, prices tend to converge. This article examines the prices of … that liquidity would play a prime role in pricing retail CDs. …

Economic theory suggests that in a competitive market, prices tend to converge. This article examines the prices of … that liquidity would play a prime role in pricing retail CDs. …

profession in the USA. This paper evaluates the founding principles upon which this profession was based in the 1980s. It then …

This paper examines the impact of ADR activity on liquidity of four major Latin American stock markets. We construct a …

Response to the lack of liquidity in the financial sector known as the “Credit Crunch”. The surprising depth of the crisis … required unprecedented policy measures to be used in order to tackle the mounting liquidity problems in banks and prevent the … will take in the next few decades, thus how vulnerable the world economy will be to next disruptions and liquidity problems. …

This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that … recognizes that the new liquidity framework proposed by the Basel Committee on Banking Supervision appears to have the features … needed to strengthen banks� liquidity conditions and improve financial stability. Its correct implementation, together with …

Response to the lack of liquidity in the financial sector known as the “Credit Crunch”. The surprising depth of the crisis … required unprecedented policy measures to be used in order to tackle the mounting liquidity problems in banks and prevent the … will take in the next few decades, thus how vulnerable the world economy will be to next disruptions and liquidity problems. …