This paper studies the pricing impact of aggregate shifts in the U.S. demand for foreign stocks on the cross-section of … periods when the demand for foreign equity is likely to fall, i.e. following reduced wealth, increased uncertainty, and …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … and demand elasticities correlate negatively at high frequencies. That is, when a stock exhibits an unusually elastic … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … and demand elasticities correlate negatively at high frequencies. That is, when a stock exhibits an unusually elastic … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have …