Evaluating illiquidity and systemic contagion in South African banks
نویسندگان
چکیده
منابع مشابه
Illiquidity Contagion and Liquidity Crashes∗
Liquidity providers in a security often use prices of other securities as a source of information to set their quotes. As a result, liquidity is higher when prices are more informative. In turn, prices are more informative when liquidity is higher. We show that this self-reinforcing relationship between price informativeness and liquidity is a source of contagion and fragility: a small drop in ...
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ژورنال
عنوان ژورنال: Journal of Economic and Financial Sciences
سال: 2014
ISSN: 2312-2803,1995-7076
DOI: 10.4102/jef.v7i3.234