The main purpose of this project is to examine the liquidity and activity in the secondary market for Norwegian debt … produce reliable liquidity indicators. In particular, order based liquidity measures (such as the bid ask spread), that … typically are superior measures of liquidity supply, are in most cases not possible to construct due to the lack of two sided …

We investigate the information content of aggregate stock market liquidity and ask whether it may be a useful realtime … indicator, both for financial stress, and real economic activity in Norway. We describe the development in a set of liquidity …, showing how market liquidity and trading activity changed for the whole market as well as for individual industry sectors. We …

We show evidence of a contemporaneous relation between stock market liquidity and the business cycle. Stock market … liquidity worsen when the economy is slowing down, and vice versa. This effect is most pronounced for small firms. Using data … for both the US and Norway, we find strong evidence that stock market liquidity predict the current and future state of …

ratios of messages to trades fell, but common measures of the quality of trading, such as liquidity, transaction costs, and … liquidity in Oslo compared with liquidity of the same asset traded on other exchanges. Surprisingly, we see that liquidity, as … trading at the OSE. The spread is the only liquidity measure for which we observe this difference between the OSE and other …