to relax a liquidity constraint. The dual nature of equity in the search-and-matching market entails a strategic … complementary in search operating through buyers' liquidity constraint, and it gives rise to endogenous booms and busts. The economy …

The paper analyses the impact of Exchange Traded Funds (ETFs) on the liquidity of stock exchanges in the European Union …. The liquidity of stock exchanges is a complex phenomenon that is influenced by a number of economic and political factors …, and a number of models such as the average daily volumes have been developed to explain the aspect of liquidity. The paper …

liquidity of assets. Following Kurz and Motolese (2008), we propose a theoretical model to show that the equilibrium asset price …, it is also shown in this paper that when market belief becomes more volatile, trading volume and liquidity decline while … volatility, and liquidity of underlying assets, and these empirical results are robust to various methods of estimating market …

measure that captures company distress levels more accurately. It is found that liquidity, proxied by a trading noise …-to-default measures. When our new liability and liquidity adjusted measure is used, a clearer picture of distress premium emerges. Our …

liquidity. Our analysis of a panel of firm-level ownership data indicates that Japanese stocks that are held more by foreign …

This study empirically investigates the low-frequency liquidity proxies that best measure liquidity in emerging markets … comparing various low-frequency liquidity proxies with high-frequency spread measures and price impact measures. We find that …

changes carries important information about liquidity demand in the market. From this distribution of trader position …-changes, we construct a marketwide measure for intraday liquidity demand that does not necessarily depend on aggressive trading …. Using a rich regulatory dataset on S&P 500 E-mini futures and 10-year Treasury futures markets, we show that this liquidity …