کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10477524 | 930398 | 2005 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Endogenous liquidity in emerging markets
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Recent work has documented the “endogenous liquidity” phenomenon - that is, evidence that the amount of liquidity provision is determined endogenously by the expected profitability of market making. This effect has been verified in existing literature using G7 financial market data. The present paper examines whether endogenous liquidity is also present in the equity markets of emerging countries. Results show that indeed there is strong evidence across a broad range of countries for the hypothesis, with the effect potentially being even stronger in emerging market countries than in the G7 sample.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 15, Issue 2, April 2005, Pages 159-171
Journal: Journal of International Financial Markets, Institutions and Money - Volume 15, Issue 2, April 2005, Pages 159-171
نویسندگان
Lee Redding,