execution speed and cost. Central dealers provide immediacy by pre-arranging fewer trades and holding larger inventory. However …, trading costs increase strongly with dealer centrality. Investors with strong liquidity need trade with central dealers and at … times of market-wide illiquidity. Central dealers thus serve as liquidity providers of last resort. …

Spanish stock exchange and the liquidity of their stocks for the period of 2000 to 2010. Liquidity around the announcement day … is analyzed using different liquidity measures proposed by the equity market literature. The study also examines the … factors that determine the intensity of the announcement’s effect on liquidity. The evidence shows that both positive and …

hot markets, with low offer price, low-reputation underwriters or no VC backing face higher liquidity frictions, higher …

). • Considering Management of Liquidity Issues, banks should carefully consider Collateral Management in case of liquidity issues (e …

more sensitive to a liquidity-risk factor. Our results imply that information asymmetry has a substantial effect on asset … prices and that a primary channel linking asymmetry to prices is liquidity. …

this switch to anonymity on market liquidity and the informational content of the limit order book. Our empirical analysis … information on future volatility is public, the informational content of the bid-ask spread and market liquidity are identical in … anonymity alters the informational content of the bid-ask spread and market liquidity. For our sample stocks, we find that the …

and market liquidity are different in each market design. We test these predictions using a natural experiment. As of …

We analyze the effect of concealing limit order traders’ identities on market liquidity. We develop a model in which … cost of liquidity provision were large when indeed it is small. This bluffing strategy is less effective when traders … anonymous market. For this reason, concealing limit order traders’ IDS affects market liquidity in our model. We test this …

We analyse the effect of concealing limit order traders’ identities on market liquidity. We develop a model in which … cost of liquidity provision were large when indeed it is small. This bluffing strategy is less effective when traders … anonymous market. For this reason, concealing limit order traders’ IDs affects market liquidity in our model. We test this …