Živković, Boško; Minović, Jelena - In: Panoeconomicus 57 (2010) 3, pp. 349-367
The paper explores illiquidity of the Serbian financial market for the period of 2005-2009. The financial market in Serbia is, by its type, a frontier market. We used daily data from the BELEXline index, as well as all stocks within this index in examined timeframe, provided by the Belgrade...