This paper examines the relationship between liquidity and quality of financial information by analyzing long …. Overall, my results indicate a positive relationship between quality of financial information and liquidity …

commonly used in the literature, we find that trades conducted due to liquidity needs or driven by private information cannot …

Most measures of liquidity assume that the cost of buying and selling is symmetric. This paper analyses liquidity in an … of a market order to buy and to sell. There is clear evidence of liquidity asymmetry on the spot market: large market … constraints, single stock futures markets show little evidence of liquidity asymmetry. This evidence is consistent with the …

two sources of liquidity to make investment. Cash holding is decided ex ante while asset securitization suffers from … adverse selection problem ex post. More cash holding reduces the liquidity shortage and depresses asset securitization. The … market more likely to collapse. These results hold with and without liquidity shocks, under both separating and pooling …

implications for liquidity and optimal policy interventions including open market operations …