We test the effects of uncertainty on market liquidity using Hurricane Sandy as a natural experiment. Given the …

liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …

We trace the evolution of extreme illiquidity discounts among Treasury securities during the financial crisis, when … appeal to these investors. The effect of the widened liquidity gap on transactions costs is further amplified by a surge in … the price liquidity providers charge for access to their balance sheets in the crisis …

research. Recently, Lang and Maffett show that transparency reduces firm-level liquidity uncertainty, while Ng shows that …This paper highlights the different avenues through which stock liquidity can potentially transcend into accounting … increased information quality can reduce a firm's exposure to systematic liquidity risk. These studies respectively suggest that …

This paper examines the dynamic relationship between credit risk and liquidity in the sovereign bond market in the … context of the European Central Bank (ECB) interventions. Using a comprehensive set of liquidity measures obtained from a … risk, as measured by the Italian sovereign credit default swap (CDS) spread, generally drive the liquidity of the market: a …

liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …

We study the role of various trader types in providing liquidity in spot and futures markets based on data from the … overnight are the primary liquidity providers in both spot and futures markets. We have two crashes in our sample, both … in both markets. Market stability may require the presence of well-capitalized standby liquidity providers for recovery …