Liquidity Crises in Emerging Markets: Theory and Policy
نویسندگان
چکیده
منابع مشابه
Liquidity and Crises in Asian Equity Markets
This article presents a discussion of stock market liquidity and its relation to financial crises. It begins by defining liquidity and explaining possible measures of liquidity and then explores factors influencing liquidity. It also analyzes the liquidity among 11 Asian countries. The empirical findings based on the time-series analysis show a sharp decline in stock liquidity during both the 1...
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This article presents a discussion of stock market liquidity and its relation to financial crises. It begins by defining liquidity and explaining possible measures of liquidity and then explores factors influencing liquidity. It also analyzes the liquidity among 11 Asian countries. The empirical findings based on the time-series analysis show a sharp decline in stock liquidity during both the 1...
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 1999
ISSN: 0889-3365,1537-2642
DOI: 10.1086/654376