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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financial Stability Risk. Measuring the Illiquidity of Corporate and Sovereign Bonds

Financial Stability Risk. Measuring the Illiquidity of Corporate and Sovereign Bonds

Foltz, Thorsten

Paperback

Economics

ISBN10: 3668410259
ISBN13: 9783668410251
Publisher: Bod Third Party Titles
Published: Apr 4 2017
Pages: 102
Weight: 0.58
Height: 0.21 Width: 8.27 Depth: 11.69
Language: English
Master's Thesis from the year 2016 in the subject Economics - Other, grade: 1,3, University of Siegen, language: English, abstract: Market liquidity is most important for financial markets and thus for the real economy. Market-makers seem to provide less liquidity recently. The reasons of such a behaviour are shown within this work. It exhibits the regulations which have changed, the behaviour of market-makers and how financial markets are able to become illiquid. After this more theoretical framework, which refers to financial stability, several measures of liquidity are introduced and empirically tested on a dataset of about 60,000 corporate and sovereign bonds in 34 countries over a period of eleven years. The result, is that bond markets became less liquid within the last three years than during the financial and the following European debt crisis.

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