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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. …
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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 …
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that liquidity would play a prime role in pricing retail CDs. …
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that liquidity would play a prime role in pricing retail CDs. …
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Variations in overall liquidity can be measured by simultaneous changes in both immediacy costs and depth. Liquidity … changes, however, are ambiguous whenever both liquidity dimensions do not reinforce each other. In this paper, ambiguity is … characterized using an instantaneous time-varying elasticity concept. Several bi-dimensional liquidity measures that cope with the …
Persistent link: https://www.econbiz.de/10005268724