Stock Market Liquidity and the Macroeconomy : Evidence from Japan /

In a liquid financial market, investors are able to sell large blocks of assets without substantially changing the price. We document a steep drop in the liquidity of the Japanese stock market in the post-bubble period and a steep rise in liquidity risk. We find that, during Japan's deflationar...

Descripció completa

Dades bibliogràfiques
Autor principal: Choi, Woon
Altres autors: Cook, David
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2005.
Col·lecció:IMF Working Papers; Working Paper ; No. 2005/006
Accés en línia:Full text available on IMF