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
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Endogenous liquidity in emerging markets
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
نویسندگان
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