We distinguish exogenous liquidity, which corresponds to the variability of bid-ask spreads for usual-sized transactions, from endogenous liquidity, which we interpret as the impact of liquidity on market prices when liquidating larger positions. Endogenous liquidity measures the risk that the...

In this paper, we investigate whether directors' dealings reports are informative for outside investors. We analyze short-term announcement effects for eight European countries, namely Austria, France, Germany, Ireland, Italy, the Netherlands, Sweden, and the U.K, between 01/2003 and 12/2009. We...

The sixth and final volume of Readings in European Security brings together the unique insight and analysis of security experts from the EU, NATO, diplomatic missions, national governments, parliaments, business, media and academics on the following topics: Obama's Foreign Policy: Is this change...