The impact of credit conditions on market liquidity – a case for European stock markets
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/16618 |
Resumo: | The recent financial crisis has drawn the attention of researchers and regulators to the importance of liquidity for stock market stability and efficiency. The ability of market-makers and investors to provide liquidity is constrained by the willingness of financial institutions to supply funding capital. This paper sheds light on the liquidity linkages between the Central Bank, Monetary Financial Institutions and market-makers as crucial elements to the well-functioning of markets. Results suggest the existence of causality between credit conditions and stock market liquidity for the Eurozone between 2003 and 2015. Similar evidence is found for the UK during the post-crisis period. Keywords: stock |
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The impact of credit conditions on market liquidity – a case for European stock marketsStock liquidityCredit conditionsMonetary policyEurozoneDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe recent financial crisis has drawn the attention of researchers and regulators to the importance of liquidity for stock market stability and efficiency. The ability of market-makers and investors to provide liquidity is constrained by the willingness of financial institutions to supply funding capital. This paper sheds light on the liquidity linkages between the Central Bank, Monetary Financial Institutions and market-makers as crucial elements to the well-functioning of markets. Results suggest the existence of causality between credit conditions and stock market liquidity for the Eurozone between 2003 and 2015. Similar evidence is found for the UK during the post-crisis period. Keywords: stockPereira, João PedroRUNBrito, Miguel Bordadágua Vieira de2016-03-02T15:44:12Z2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/pdfhttp://hdl.handle.net/10362/16618TID:201526247enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:53:42Zoai:run.unl.pt:10362/16618Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:23:22.103058Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The impact of credit conditions on market liquidity – a case for European stock markets |
title |
The impact of credit conditions on market liquidity – a case for European stock markets |
spellingShingle |
The impact of credit conditions on market liquidity – a case for European stock markets Brito, Miguel Bordadágua Vieira de Stock liquidity Credit conditions Monetary policy Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The impact of credit conditions on market liquidity – a case for European stock markets |
title_full |
The impact of credit conditions on market liquidity – a case for European stock markets |
title_fullStr |
The impact of credit conditions on market liquidity – a case for European stock markets |
title_full_unstemmed |
The impact of credit conditions on market liquidity – a case for European stock markets |
title_sort |
The impact of credit conditions on market liquidity – a case for European stock markets |
author |
Brito, Miguel Bordadágua Vieira de |
author_facet |
Brito, Miguel Bordadágua Vieira de |
author_role |
author |
dc.contributor.none.fl_str_mv |
Pereira, João Pedro RUN |
dc.contributor.author.fl_str_mv |
Brito, Miguel Bordadágua Vieira de |
dc.subject.por.fl_str_mv |
Stock liquidity Credit conditions Monetary policy Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Stock liquidity Credit conditions Monetary policy Eurozone Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The recent financial crisis has drawn the attention of researchers and regulators to the importance of liquidity for stock market stability and efficiency. The ability of market-makers and investors to provide liquidity is constrained by the willingness of financial institutions to supply funding capital. This paper sheds light on the liquidity linkages between the Central Bank, Monetary Financial Institutions and market-makers as crucial elements to the well-functioning of markets. Results suggest the existence of causality between credit conditions and stock market liquidity for the Eurozone between 2003 and 2015. Similar evidence is found for the UK during the post-crisis period. Keywords: stock |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-03-02T15:44:12Z 2016-01 2016-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/16618 TID:201526247 |
url |
http://hdl.handle.net/10362/16618 |
identifier_str_mv |
TID:201526247 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799137870573731840 |