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Liquidity and market structure
Grossman, Sanford J.; Miller, Merton H. - In: The journal of finance : the journal of the American … 43 (1988) 3, pp. 617-633
Persistent link: https://www.econbiz.de/10003564653
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Liquidity and Market Structure
Grossman, Sanford J. - 2012
Market liquidity is modeled as being determined by the demand and supply of immediacy. Exogenous liquidity events … liquidity in the market. The lower is the autocorrelation in rates of return, the higher is the equilibrium level of liquidity …
Persistent link: https://www.econbiz.de/10012755997
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Liquidity and Market Structure
Grossman, Sanford J. - 1988
Market liquidity is modeled as being determined by the demand and supply of immediacy. Exogenous liquidity events … liquidity in the market. The lower is the autocorrelation in rates of return, the higher is the equilibrium level of liquidity …
Persistent link: https://www.econbiz.de/10012476423
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Competition between equity markets : a review of the consolidation versus fragmentation debate
Gomber, Peter; Sagade, Satchit; Theissen, Erik; Weber, … - 2016
fragmentation, the resulting implications for liquidity and price efficiency, and the role for public policy. Beyond the concerns …
Persistent link: https://www.econbiz.de/10012061046
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Competition between equity markets : a review of the consolidation versus fragmentation debate
Gomber, Peter; Sagade, Satchit; Theißen, Erika; Weber, … - In: Journal of economic surveys 31 (2017) 3, pp. 792-814
Persistent link: https://www.econbiz.de/10011757885
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Market structure and liquidity on the Tokyo Stock Exchange
Lehmann, Bruce N.; Modest, David M. - 1994
Persistent link: https://www.econbiz.de/10000151438
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The Impact of Broker Market Structure on Stock Liquidity
Liu, Wai-Man - 2016
We investigate the extent to which the liquidity of listed stocks is affected by the market structure under which … structures tend to associate with lower stock liquidity; and that shifts in broker market structure align with changes in … liquidity over time. Further, broker market structures appear to interact with the provision of services by brokers, such that …
Persistent link: https://www.econbiz.de/10012987153
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COVID-19 and market structure dynamics
Cox, Justin; Woods, Donovan - In: Journal of banking & finance 147 (2023), pp. 1-17
Persistent link: https://www.econbiz.de/10014248224
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When do central counterparties enhance market stability?
Marshall, David Aaron; Ruffini, Ivana; Anene, Dominic - In: The journal of financial market infrastructures 6 (2017/2018) 2/3, pp. 131-162
Persistent link: https://www.econbiz.de/10011912396
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The real costs of industry contagion
Garcia-Appendini, Emilia - 2014 - This draft: June 2014
This paper analyzes whether the financial distress of a firm affects the investment decisions of non-distressed competitors. On average, firms in distress impose indirect costs to non-distressed competitors by increasing costs of credit in the industry and hence restricting credit access and...
Persistent link: https://www.econbiz.de/10010410806