Nneji, Ogonna - In: Journal of International Financial Markets, … 35 (2015) C, pp. 132-146
This study presents and empirically tests a simple framework that examines the effects of market liquidity (the ease … with which stocks are traded) and funding liquidity (the ease with which market participants can obtain funding) on stock … market bubbles. Three key findings emerge from this research. First, negative market and funding liquidity shocks increase …