marketplace such as a supermarket or a stock exchange with adequate liquidity. Further, people must have confidence that such a … well-functioning marketplace will also exist in the future. Market liquidity risk is the risk that the market will function … effects of market liquidity risk on asset pricing, investment management, corporate finance, banking, financial crises …

even more unpopular with the populace than stateindependent tolling. We study this using dynamic bottleneck congestion with …

function determined by the amount of currencies supplied by the liquidity providers. Liquidity providers can be regarded as … investors in the decentralized exchange and earn fixed commissions per trade. They lock up funds in liquidity pools for distinct … pairs of currencies allowing market participants to swap them using the fixed price function. Liquidity providers take on …

as monthly risk factor timing. Moreover, timing of liquidity risk is explored as evidence on this issue is still missing … daily factor information or form false expectations about risk factor performance. Evidence on liquidity timing, whose …

We use an asset pricing approach to compare the effects of expected liquidity and liquidity risk on expected U ….S. corporate bond returns. Liquidity measures are constructed for bond portfolios using a Bayesian approach to estimate Roll …'s measure. The results show that expected bond liquidity and exposure to equity market liquidity risk affect expected bond …