Exchanges and shows that competition among exchange platforms does not have a negative effect on the level of liquidity of …

well as on consolidated liquidity of French blue chip equities, newly tradable on Chi-X. Our findings suggest that owing to … this new competition the home market's liquidity has enhanced. This is apparently due to the battle for order flow which … results in narrower spreads and increased market depth. These results imply that overall liquidity in a virtually consolidated …

policy on stock liquidity and thereby addresses its role as a determinant of commonality in liquidity. To capture effects … liquidity in the German, French and Italian markets. These findings are robust for seven proxies of liquidity and two measures … of monetary policy. -- stock liquidity ; monetary policy ; euro zone …