Continuing the Conversation on Liquidity

Tobias Adrian, Michael Fleming and Ernst Schaumburg

No 20160208b, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Market participants and policymakers have raised concerns about market liquidity?the ability to buy and sell securities quickly, at any time, at minimal cost. Market liquidity supports the efficient allocation of financial capital, which is a catalyst for sustainable economic growth. Any possible decline in market liquidity, whether due to regulation or otherwise, is of interest to policymakers and market participants alike.

Keywords: Liquidity; Regulation; Dealers (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2016-02-08
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