shocks and attractive liquidity characteristics. These findings are consistent with the idea that the high liquidity of ETFs …

liquidity. Bubbles can arise without the short-sales constraint. We show that the more frequently investors trade in the future …

We show evidence of a liquidity searching behaviour of informed investors in option listings, which was also found by … find that the option bid-ask spread may be still a good proxy for informed trading, despite of the liquidity searching … traders avoid trading in initial periods after listing dates due to the low liquidity environment), which is steeper for …

liquidity. Our analysis of a panel of firm-level ownership data indicates that Japanese stocks that are held more by foreign …

base and improves stock liquidity. The results are robust to the control of endogeneity issues …

We empirically tests whether stock liquidity and investor sentiment have interactive effects on seasoned equity offers …

central bank reserves. Understanding how macroeconomic events shape liquidity in this market is important for a number of …-frequency data, we consider liquidity provision in the period around monetary policy announcements and relate this to prevailing … levels of investor sentiment. We are able to contrast changes in liquidity in the gold and silver markets, and across three …

changes carries important information about liquidity demand in the market. From this distribution of trader position …-changes, we construct a marketwide measure for intraday liquidity demand that does not necessarily depend on aggressive trading …. Using a rich regulatory dataset on S&P 500 E-mini futures and 10-year Treasury futures markets, we show that this liquidity …

basket of securities (i.e., positive relative liquidity), are particularly attractive to investors. Using three definitions … of liquidity, we find that relative liquidity predicts net fund flows, as well as inflows and outflows positively and … significantly. We further document a liquidity clientele amongst institutional investors: i) relative liquidity is significantly …

- retail investors, domestic and foreign institutions - influence priceformation for different liquidity levels. We find that … trading participants contribute heterogeneously toprice formation, and that liquidity affects the size, but not the relative … both high and low-liquidity stocks. In particular, retail investors’ trade imbalances are associated with the highest five …