• 1 Introduction
  • 2 Market Liquidity Models
  • 2.1 Overview
  • 2.2 Inventory Risk
  • 2.3 Inventory Cost
  • 2.4 Information Asymmetries
  • 2.5 Trading Options
  • 2.6 Funding Constraints
  • 2.7 Predatory Trading
  • 2.8 Productivity
  • 2.9 Self-fullling Beliefs
  • 3 Empirical Evidence of Market Liquidity
  • 3.1 Overview
  • 3.2 Measures of Market Liquidity
  • 3.3 Characteristics of Market Liquidity
  • 3.4 Pricing of Market Liquidity Risk
  • 4 Conclusion
  • References