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?
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© 2015 Andria van der Merwe
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van der Merwe, A. (2015). Musings on Liquidity. In: Market Liquidity Risk. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137389237_1
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DOI: https://doi.org/10.1057/9781137389237_1
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