"The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical

Brings together today's best financial minds across the world to discuss the issue of liquidity in today's markets. It is often proxied by trade-based measures

This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to tradin

This book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.