Journal Article
Liquidity and exchanges, or contracting with the producers
Abstract: Yaron Leitner discusses liquidity, a desirable feature of a well-functioning market. In \\"Liquidity and Exchanges, or Contracting with the Producers,\\" Leitner explains how exchanges can provide liquidity. He also discusses his recent research, which explains some contractual problems that may arise in very liquid markets, as well as the potential role of an exchange in overcoming these problems.
Keywords: Liquidity (Economics);
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2004
Issue: Q1
Pages: 16-22