Market Liquidity: Theory, Evidence, and Policy

Market Liquidity: Theory, Evidence, and Policy
ISBN-10
0199936242
ISBN-13
9780199936243
Category
Business & Economics
Pages
424
Language
English
Published
2013-04-04
Publisher
Oxford University Press
Authors
Thierry Foucault, Marco Pagano, Ailsa Roell

Description

This book offers an authorative take on the liquidity of securities markets, its determinants, and its effects. It presents the basic modeling and econometric tools used in market microstructure - the area of finance that studies price formation in securities markets.

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