Talk:Market liquidity/Archives/2016
 | This page is an archive of past discussions. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. |
Dr. Ranaldo's comment on this article
Dr. Ranaldo has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
There are several aspects of this Wiki article that can be improved.
Definition: The Standard Definition of Market Liquidity takes into account four dimensions: Tightness, Immediacy, Depth, Breadth, and Resiliency.
Effect on asset values: the literature Shows that market liquidity affects asset Prices in two main respects: Transaction costs and illiquidity risk. Both issues demand a risk premium. In this article, only the former is considered.
Futures: I do not understand why in this article, only futures markets are discussed. Market liquidity is an issue for any asset and financial markets, including bonds, currencies, commodities, ...
Banking: in this article, there is some confusion between MARKET LIQUIDITY and FUNDING LIQUIDITY. Banking liquidity refers to the latter.
Stock market: same comment that I did above for "Futures" applies.
Proxies: this part is very weak, imprecise, and incomplete.
Literature: very very bad. All seminal papers on market liquidity are missing ...
When I will have time, I will work on this Wiki article to make it more Exhaustive.
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Ranaldo has expertise on the topic of this article, since he has published relevant scholarly research:
- Reference : Karnaukh, Nina & Ranaldo, Angelo & Soderlind, Paul, 2013. "Understanding FX Liquidity," Working Papers on Finance 1315, University of St. Gallen, School of Finance, revised Apr 2015.
ExpertIdeasBot (talk) 19:56, 1 July 2016 (UTC)