liquidity. Accordingly, the State sought to reestablish its solvability by basing its debt on tax revenues as well as to … process of the creation of liquidity through the restructuring of the national debt. We establish the fundamental differences …

document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …

We consider a financial market with liquidity cost as in Cetin, Jarrow and Protter [3] where the supply function S …

-listed equities, this article compares global and local liquidity before and after MiFID and investigates how liquidity relates to … market fragmentation and internalization. Market fragmentation is found to improve global and local liquidity, with spreads … stocks. Further, internalization is not proved to be detrimental for liquidity. …

willingness to bear risk as opposed to simply relaxing current liquidity constraints. …

I propose a model in which a stock exchange can improve its liquidity by tightening its listing requirements. Because … depends on the sensitivity of the utility of investors to changes in liquidity and varies with the organization of listing and …

adverse effect on liquidity only for the smallest and least liquid firms. …

We examine how ownership concentration and the separation of ownership and control affect market liquidity in France …. We find that firms with a large insider blockholder exhibit significantly lower liquidity. Different methods of … concentrating control affect liquidity in different ways. Pyramid structures negatively affect liquidity for all pyramiding firms …

document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …