This study addresses the impact of equity market liquidity on Canadian economic growth and investigates how consumer … attitudes/sentiments affect the dynamic macro-liquidity relationship. Using various market liquidity proxies (e.g., illiquidity … results: we document the predictability role of liquidity on future economic growth, and we find that during periods of high …

. We exploit this quasinatural experiment to investigate the impact this change had on liquidity and trading behavior. Our …

order books. This paper evaluates the impact on liquidity of fragmentation in visible order books and dark trading for a … sample of 52 Dutch stocks. We consider global liquidity by consolidating the entire limit order books of all visible European … trading venues, and local liquidity by considering the traditional market only. We find that fragmentation in visible order …

paper evaluates the impact of dark trading and fragmentation in visible order books on liquidity. We consider global … liquidity by consolidating the limit order books of all visible trading venues, and local liquidity by considering the … traditional market only. We find that fragmentation in visible order books improves global liquidity, whereas dark trading has a …

This study is an analysis of the secondary market liquidity on equity markets around the world. The role of operational … design of stock exchanges in enhancing liquidity is assessed. The market structure within which exchanges operate is also … shown to affect the optimal operational design and liquidity. Narrower tick sizes, designated market makers, centralized …

default risk, such as liquidity. The author estimates the non-default component of the yield spreads as the basis between the … quality is bad. The author studies the effects of bond liquidity, liquidity in the CDS market, equity market performance, and … macroeconomic variables on the non-default component of the emerging market yield spreads. The results show that bond liquidity has …