Liquidity and Financial Market Runs

DOI10.1162/003355304772839542MaRDI QIDQ4471247zbMATH OpenOpenAlexFDO

Authors Antonio E. Bernardo, Ivo Welch

Publication date 18 June 2004

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1162/003355304772839542

zbMATH Keywords

liquidity shocksmarginal postrun price

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cited in

(16)

• Illiquidity comovement and market crisis
• Market liquidity and excess volatility: theory and experiment
• Liquidity backstops and dynamic debt runs
• The fragility of short-term secured funding markets
• How do volatility regimes affect the pricing of quality and liquidity in the stock market?
• A multiperiod bank run model for liquidity risk
• Liquidity shock, animal spirits and bank runs
• Bubbly Liquidity
• Liquidity Black Holes *
• Performance evaluation and financial market runs
• Endogenous inverse demand functions
• Endogenous liquidity crises
• Crises and liquidity in over-the-counter markets
• Circuit breakers and market runs
• Quantifying and understanding the economics of large financial movements
• Liquidity and liquidation

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