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Likviditeten i det norske statsobligasjonsmarkedet

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  • Valseth, Siri

    (UiS)

Abstract

Arikkelen vurderer utviklingen i likviditeten i det norske statsobligasjons- markedet i perioden 1999-2015. Markedet omfatter en elektronisk ordrebok og et telefon- og internettbasert marked. Med et nytt og omfattende datasett som inkluderer alle ordrebokdata og transaksjoner rapportert til Oslo Børs beregnes en rekke indikatorer som re‡ekterer de ulike dimensjonene av likviditesbegrepet. Resultatene viser at likviditeten for markedet sett under ett var best på første halvdel av 2000-tallet, forverret seg etter finanskrisen, men har bedret seg igjen de siste årene. Likviditeten i ordreboken har, ifølge flere indikatorer, økt gjennom perioden til tross for at antall markedsaktører, utestående ordre og transaksjoner har gått markert ned.

Suggested Citation

  • Valseth, Siri, 2016. "Likviditeten i det norske statsobligasjonsmarkedet," UiS Working Papers in Economics and Finance 2016/14, University of Stavanger.
    • Handle: RePEc:hhs:stavef:2016_014
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Statsobligaasjoner; Norge;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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