Fernández-Amador, Octavio; Gächter, Martin; Larch, Martin - In: Journal of Empirical Finance 21 (2013) C, pp. 54-68
The recent financial crisis has been characterized by unprecedented monetary policy interventions of central banks with the intention to stabilize financial markets and the real economy. This paper sheds light on the actual impact of monetary policy on stock liquidity and thereby addresses its...