common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …

The increased importance of fragmentation in world trade has created an interest among trade economists to explain the …

This paper investigates the effect of the introduction of exchange-traded funds (ETFs) on the liquidity of individual …

Extreme market outcomes are often followed by a lack of liquidity and a lack of trade. This market collapse seems … uncertainty with liquidity, we specify a simple market where a monopolist financial intermediary makes a market for a propriety … liquidity. Our infinite-horizon example produces short, dramatic decreases in liquidity even though the underlying environment …

algorithms are documented that can be rectified by recognizing that the impact on liquidity is the fundamental characteristic … underlying order placement. Although this liquidity-based method is difficult to implement, it more closely captures the actual …

the liquidity level of derivative markets and economic growth in the cases of developed countries indicates that the risk … transfer function of the derivative markets is a contribution to economic growth. We find the liquidity level of underlying … liquidity in the underlying spot market, derivative trading can be sustained. …