market liquidity effects. It uses a unique data set that combines a number of recurring event types. After controlling for … other seasonal factors, liquidity is lower prior to quarter ends, which is attributed to market makers' window dressing …. Seasonal liquidity effects are smaller in case investors can bypass secondary market venues, and market sentiment influences …

liquidity effects. This paper discusses the basic frictions and mechanisms underlying this new class of models and investigates … long-lasting, quantitatively significant liquidity effects, as well as persistent increases in aggregate economic activity …