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Reducing systemic liquidity risk related to seasonal swings in loan demand was one reason for the founding of the … that a bank's position within the interbank network (as a user or provider of liquidity) predicts the timing of its entry …
Persistent link: https://www.econbiz.de/10013012699
We examine the transmission of liquidity across the supply chain during the 2007-09 financial crisis, a period of … liquidity to their own suppliers. The main determinant of the usage of short-term financing is a product market shock. Firms … monitoring of creditors by suppliers. The lack of liquidity provision to suppliers by high demand firms is likely due to the high …
Persistent link: https://www.econbiz.de/10013012712
In this article we focus on a representative firm that can decide when to invest under default risk. On the one hand, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to study the effects of tax depreciation allowances in a...
Persistent link: https://www.econbiz.de/10012997334
and high order flow toxicity periods, and predictability of changes in high frequency traders' liquidity supply and demand … frequency traders' liquidity supply and demand changes. Finally, we find that high frequency traders' impacts on stock price …
Persistent link: https://www.econbiz.de/10012998150
In this article we focus on a representative firm that can decide when to invest under default risk. On the one hand, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to study the effects of tax depreciation allowances in a...
Persistent link: https://www.econbiz.de/10012998270
We investigate the roles of liquidity providers (LPs) and algorithmic traders (ATs) using a complete derivative warrant … making market, do not trade primarily for liquidity provision. Instead, ATs provide liquidity. We further study the … much better at sustaining profits by providing liquidity. Surprisingly, our evidence shows that though LPs earn positive …
Persistent link: https://www.econbiz.de/10012998653
While integration policies typically focus on labor market entry, we present evidence showing that immigrants from low‐income countries tend to have more precarious jobs, and face more severe consequences of job loss, than natives. For immigrant workers in the Norwegian private sector, the...
Persistent link: https://www.econbiz.de/10012999010
We study the impact of the introduction of a form of bankruptcy protection on household investment in the U.S. South in the 1840s, which predated modern bankruptcy laws. During this period, certain southern states passed laws that protected married women's property from seizure in the case of...
Persistent link: https://www.econbiz.de/10012999467
Transaction costs in many international equity markets are reported as being much larger than those in the U.S. This raises questions such as what trade size these reported trading costs relate to and whether investors can reduce trading costs by timing their trades. We show, using data from the...
Persistent link: https://www.econbiz.de/10013045327
Ukraine has some large listed companies, the market is quite illiquid. We study the efficiency of five liquidity measures in …
Persistent link: https://www.econbiz.de/10013046718