Logo Lanfrica

Stock Market Liquidity Measurement via the Bid-Ask Spread: Tunis Stockmarket

Domaine:

socioeconomic
Créateur:
HsiMoh
Éditeur:
Mac
Hôte:
In this paper, we attempt to explore the nature of the linkage relation of liquidity with market structure. Owing to his function of serving liquidity immediacy, the market maker determines his transacting prices (bid and ask) with all other operators. Accordingly, via his bid-ask spread, he does orient the transaction flow. This study shuts for testing a measure of market liquidity via the bid-ask spread via Stoll Model methodology (1989) on the covariance s’ regressions on Tunis stock market over a period stretching from January 2005 until January 2012. The results show that the higher the spread; the less liquid is the market.

Similaires

Macroeconomic Conditions and Stock Market Liquidity in Kenya

This paper explores the role of macroeconomic conditions on systematic stock market liquidity in Ken

Interest rate, liquidity and stock market performance in Ghana

In this study, we examined the effect of interest rate and liquidity growth on stock market performa

Financial Market Liberalization and Stock Market Liquidity: Time Data Analysis from Nigeria

This study examined the linkage among financial sector liberalization variables and stock market liq

Stock Market Liquidity As A Catalyst For Economic Growth In Nigeria

This study examined stock market liquidity and economic growth in Nigeria (1981-2019). Gross Domesti

Liquidity Provision in a Limit-Order Market:<i>The Case of the Tunisian Stock Exchange</i>

The nexus between bond liquidity, stock liquidity and foreign portfolio investment

The purpose of this article was to assess the impact of financial market liquidity on international