Showing posts with label Liquidity. Show all posts
Showing posts with label Liquidity. Show all posts

Thursday, July 7, 2016

Market Liquidity: Theory, Evidence, and Policy by Thierry Foucault *Online Library »RTF

Market Liquidity: Theory, Evidence, and Policy The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. The authors start from the