برچسب: liquidity trading
5 / 0
Fernando – Commonality In Liquidity-Transmission Of Liquidity Shocks Across Investors And Securitie
Liquidity Shocks Recent findings of common factors in liquidity raise many issues pertaining to the determinants of commonality and its impact on asset prices. We explore some of these issues using a model of liquidity trading in which liquidity shocks are decomposed into common(systematic) and idiosyncratic components. We show that common \liquidity shocks do not give […]