Liquidity as Social Expertise
收藏NBER2015-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21118
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资源简介：
This paper proposes a theory of liquidity dynamics. Illiquidity results from asymmetric information. Observing the historical track record teaches agents how to interpret public information and helps overcome information asymmetry. There can be an illiquidity trap: too much asymmetric information
提供机构：
美国国家经济研究局
创建时间：
2015-04-01
