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Towards a Better Understanding of Liquidity, Trading Behavior, and Stock Returns
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Liquidity and Asset Prices
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Authors: Yakov Amihud
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Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literatur
International Convergence of Capital Measurement and Capital Standards
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Trading and Exchanges
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Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock tr
Inside and Outside Liquidity
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Two leading economists develop a theory explaining the demand for and supply of liquid assets. Why do financial institutions, industrial companies, and househol