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Tekijä: | Lastrapes, W.D. McMillin, W.D. |
Otsikko: | Cross-country variation in the liquidity effect: the role of financial markets |
Lehti: | Economic Journal
2004 : OCT, VOL. 114:498, p. 890-815 |
Asiasana: | Financial markets Liquidity |
Kieli: | eng |
Tiivistelmä: | This article investigates cross-country variation in the liquidity effect. It focuses on the role of financial factors in explaining this variation. The authors find that financial factors play an important role in determining the size of the liquidity effect. They also find that this evidence is most consistent with generalised versions of limited-participation models. |
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