Market liquidity: proceedings of a workshop held at the BIS

BIS Papers No 2
April 2001

Papers in this volume were prepared for a meeting held at the Bank for International Settlements on 7 August 2000.

Session I - Stock markets

Title Languages
  Overview: market structure issues in market liquidity
by Maureen O`Hara
EN
  Events that shook the market
by Ray C Fair
EN
  Information flows during the Asian crisis: evidence from closed-end funds
by Benjamin Cohen and Eli M Remolona
EN

Session II - Bond markets

Title Languages
  Estimating liquidity premia in the Spanish Government securities market
by Francisco Alonso, Roberto Blanco, Ana del Río and Alicia Sanchís
EN
  Does market transparency matter? A case study
by Antonio Scalia and Valerio Vacca
EN

Special session - Panel discussion

Title Languages
  Short introduction on the work of the Johnson group
by Eloy Lindeijer
EN
  Market liquidity under stress: observations from the FX market
by Francis Breedon
EN
  The puzzling decline in financial market liquidity
by Avinash Persaud
EN
  Measuring liquidity under stress
by Christian Upper
EN

Session III - Foreign exchange markets

Title Languages
  Order flow and exchange rate dynamics
by Martin D D Evans and Richard K Lyons
EN
  Trading volumes, volatility and spreads in FX markets: evidence from emerging market countries
by Gabriele Galati
EN

Other papers

Title Languages
  Sending the herd off the cliff edge: the disturbing interaction between herding and market-sensitive risk management practices
by Avinash Persaud
EN
  How safe was the "Safe Haven"? Financial market liquidity during the 1998 turbulences
by Christian Upper
EN
  FX impact of cross-border M & A
by Francis Breedon and Francesca Fornasari
EN