Is liquidity self-fulfilling?∗
نویسنده
چکیده
(see next page for abstract) ∗Acknowledgements: this research forms part of the European Commission TMR network project on "Financial Market Efficiency and Economic Efficiency," grant contract no. FMRXCT96-0054. I thank Julian Franks and a referee for detailed comments on the previous draft, and Margaret Bray and Thierry Foucault for discussions on an earlier version of this paper.
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