patterns of rms with poor credit quality are more closely associated with credit spreads, a measure of market liquidity level …

. However substantial uncertainty remains about the impact of QE on market liquidity. Identifying the impact is particularly … challenging due to the potential for reverse causality, because liquidity considerations might affect purchases. To address this …' supply of bonds, allowing us to control for any reverse causality from liquidity to purchases. Across a wide range of …

opportunities. We show that cash holdings become more valuable by providing liquidity to fund investment opportunities as they …

, traditional liquidity ratios imply undervaluation, uncertainty, and interest bearing aspects that are strictly prohibited in the … Islamic law. We propose an Islamic-compliant measure of corporate liquidity. In order to validate our proposed ratio as a … measure of corporate liquidity, we incorporate it in the traditional corporate bankruptcy prediction models. Our measure …