trading frictions on the supply and price of liquidity. On social welfare, I show that the interaction of meeting rate …

This study examines the roles of funding liquidity in shaping the relationship between stock price synchronicity and …, contradicting the relative synchronicity hypothesis. Improvements in funding liquidity contribute to this pattern by significantly … equity market liquidity. We find that market liquidity and stock price synchronicity exhibit a downward-sloping relationship …

We measure market reactions to announcements concerning liquidity regulation, a key innovation in the Basel framework …. Our initial results show that liquidity regulation attracts negative abnormal returns. However, the price responses are … consider liquidity regulation to be binding. Bank- and country-specific characteristics also matter. Liquid balance sheets and …

and posted liquidity. Our findings moreover suggest that large hidden orders are associated with larger transaction costs …, higher price impact and increased volatility. In particular, as large hidden orders fail to attract (latent) liquidity to the … market, hidden liquidity provision gives rise to negative liquidity externalities. -- Hidden Liquidity ; Pretrade …