The quick and the illiquid

Jamie Hatch

No 380104, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Liquidity (the ability to convert an asset readily into cash) is an important property of financial securities. When we want to buy something, we need cash to buy it then and there; when we sell something, we want to be rid of it quickly. It’s always possible to hold a ‘fire sale’ (if you offer something for free, you’ll find a buyer pretty quickly) but generally that’s not a path to financial success. Jamie Hatch explores how this affects the New Zealand Stock Exchange (NZX).

Date: 2014-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:380104

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