Book Review: Market Liquidity: Theory, Evidence, and Policy by Thierry Foucault et al

  • Luis Rafael Boscán Flores

    Press/Media: Press / Media

    Description

    The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity aims to confront many puzzling phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time, why large trades move prices up or down, and why these price changes are subsequently reversed, and why some traders willingly disclose their intended trades while others hide them. Reviewed by Luis Boscán .

    Subject

    Finance, Economics

    Period24 Oct 2013

    Media contributions

    1

    Media contributions

    • TitleBook Review: Market Liquidity: Theory, Evidence, and Policy by Thierry Foucault et al
      Degree of recognitionInternational
      Media name/outletLSE Review of Books
      Media typeWeb
      CountryUnited Kingdom
      Date24/10/2013
      DescriptionThe way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity aims to confront many puzzling phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time, why large trades move prices up or down, and why these price changes are subsequently reversed, and why some traders willingly disclose their intended trades while others hide them. Reviewed by Luis Boscán .
      Producer/AuthorThe London School of Economics and Political Science
      URLblogs.lse.ac.uk/lsereviewofbooks/2013/10/24/book-review-market-liquidity-theory-evidence-and-policy/
      PersonsLuis Rafael Boscán Flores