Liquidity Shocks and Order Book Dynamics
收藏NBER2009-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15009
下载链接
链接失效反馈官方服务：
资源简介：
We propose a dynamic competitive equilibrium model of limit order trading, based on the premise that investors cannot monitor markets continuously. We study how limit order markets absorb transient liquidity shocks, which occur when a significant fraction of investors lose their willingness and
提供机构：
美国国家经济研究局
创建时间：
2009-05-01
