Musings on Liquidity

Andria Merwe

Chapter 1 in Market Liquidity Risk, 2015, pp 1-17 from Palgrave Macmillan

Abstract: Abstract Liquidity is important and necessary. Liquidity is an assumed characteristic of a well-functioning market, but we only pay attention to it when it is absent—like the proverbial umbrella that is missing when it rains.1 What is market liquidity? Can we measure market liquidity? Can we manage market liquidity?

Keywords: Asset Price; Discount Factor; Price Discovery; Future Contract; Market Maker (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38923-7_1

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DOI: 10.1057/9781137389237_1

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