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Book review: market liquidity: theory, evidence, and policy

Boscan, Luis (2013) Book review: market liquidity: theory, evidence, and policy. LSE Review of Books (24 Oct 2013). Website.

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Abstract

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity aims to confront many puzzling phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time, why large trades move prices up or down, and why these price changes are subsequently reversed, and why some traders willingly disclose their intended trades while others hide them. Reviewed by Luis Boscán.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/lsereviewofbooks/
Additional Information: © 2013 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
JEL classification: D - Microeconomics > D4 - Market Structure and Pricing
Sets: Collections > LSE Review of Books
Date Deposited: 27 Nov 2013 11:04
Last Modified: 19 Nov 2019 18:40
URI: http://eprints.lse.ac.uk/id/eprint/54636

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