Researchers have various ways to measure liquidity but most of them come with both merits
and demerits. This study provides a literature review of low‐frequency liquidity measures …

We analyze liquidity of the emerging market (EM) bonds during the Covid-19 fueled
uncertainty. Using bid/offer spreads we demonstrate that the apogee of both, liquidity and …

In this study, we investigated the performance of US green municipal bond compared with
general municipal bonds. The performance of this bond sector was assessed with two …

The practice of periodically reconstituting equity indices suggests that changes to the
composition of an index can impact the performance of firms whose stocks are added to or …

Weak liquidity and low spot prices for carbon are critical problems facing China's carbon
markets. This study aims to quantify the liquidity of China's carbon markets under different …

In this paper, we assess the impact of the securities transaction tax (STT) introduced in
France in 2012 on market liquidity and volatility. To identify causality, we rely on a distinctive …

Green municipal bonds are a growing segment of the US municipal bond market. As they
face increasing demand, there have been questions about the performance of green muni …

Liquidity is easily perceived but not easily measured in financial markets. Researchers and
practitioners develop and test new measures of liquidity which may be good candidates for …

This paper focuses on the European Commission's proposals to include the repo market–a
market systemic to European (shadow) banking–in the financial transactions tax (FTT). It …

China introduced short selling for designated stocks in March 2010. Using this important
policy change as a natural experiment, we examine the effect of short selling on stock price …