Liquidity and Market Incompleteness

This note shows that according to Lipmann and McCall´s (1986) operational definition of liquidity, incomplete markets are a necessary condition for illiquidity.

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Year of publication:	2007
Authors:	Zurita, Felipe
Institutions:	Instituto de Economía, Facultad de Ciencia Económicas y Administrativas
Subject:	Liquidity \| insurance

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Extent:	application/pdf
Series:	Documentos de Trabajo. - ISSN 0717-7593.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 318
Classification:	G10 - General Financial Markets. General ; D83 - Search, Learning, Information and Knowledge ; G22 - Insurance; Insurance Companies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005812211