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Musings on Liquidity

In: Market Liquidity Risk

Author

Listed:
  • Andria Merwe

Abstract

Liquidity is important and necessary. Liquidity is an assumed characteristic of a well-functioning market, but we only pay attention to it when it is absent—like the proverbial umbrella that is missing when it rains.1 What is market liquidity? Can we measure market liquidity? Can we manage market liquidity?

Suggested Citation

  • Andria Merwe, 2015. "Musings on Liquidity," Palgrave Macmillan Books, in: Market Liquidity Risk, chapter 1, pages 1-17, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38923-7_1
    DOI: 10.1057/9781137389237_1
    as

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