Friday, January 27, 2006

Size matters for liquidity: Evidence from EMU sovereign yield spreads

Look at liquidity and the effect of EMU on sovereign yield spreads.

Size matters for liquidity: "The objective is to study the relative importance of domestic components of EMU sovereign yield spreads since the start of Monetary Integration. The results indicate a change in the market value of liquidity, as measured by market size, after EMU"

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