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...
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| Fformat: | Cylchgrawn |
| Iaith: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 2005/006 |
| Mynediad Ar-lein: | Full text available on IMF |