The impact of credit conditions on market liquidity – a case for European stock markets

Detalhes bibliográficos
Autor(a) principal: Brito, Miguel Bordadágua Vieira de
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
id RCAP_fd48d3897cf5f6ee5ac59e4016257898
oai_identifier_str oai:run.unl.pt:10362/16618
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling 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
_version_ 1799137870573731840

Registros relacionados