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| Author: | Bookstaber, R. |
| Title: | Understanding and monitoring the liquidity crisis cycle |
| Journal: | Financial Analysts' Journal
2000 : SEP/OCT, VOL. 56:5, p. 17-22 |
| Index terms: | Economic crisis Liquidity |
| Language: | eng |
| Abstract: | A market crisis is not simply a "bad draw" from the distribution of day-to-day price moves. The genesis and dynamics of market crises have little to do with the information and the market flows that affect prices on typical days. A market crisis is a crisis of liquidity far more than it is a crisis born of information. |
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