Afme european market liquidity conference 2014
Contingency planning should also be an integral part of the preparatory exercise before the introduction of new financial regulation. Liquidity is a latent variable and as such, policymakers are better off making extensive use of soft information and qualitative tools. Market liquidity in liquid markets: Pitfalls and trends Matteo Regesta, Alessandro Tentori 04 October Market liquidity is all about smooth and rapid executions of large transactions.
Finance and growth — beware the measurement. A new set of vulnerability indicators. Measuring liquidity in European government bond markets Measuring liquidity in markets for liquid fixed-income securities is not straightforward. Declining volumes on markets for fixed income futures Source: Measuring market depth Note: Analysing the drivers of market liquidity A decline in market liquidity creates major challenges not just for bond market participants short term but also for the financing structure of the economy long term.
We find that several forces might be having a negative effect on liquidity conditions: According to the UK Department for Business, Innovation and Skills, we are already seeing the negative effects of regulation on fixed-income markets, that is, a declining allocation of capital to market-making activities and a reduction of inventories Fender and Lewrick Rapid increase in assets managed by mutual funds Source: The micro-structure of bond markets So far, so good, but why should we be concerned about liquidity issues?
Evolution of the market risk of European government bonds Source: Conclusions and policy recommendations The social cost of illiquidity should not be underestimated. Monetary policymakers should take into account the illiquidity bias when extracting market-based information. Regulators should thoroughly asses the full range of positive and negative effects of new rules on the micro-structure of markets.
There is no single indicator of market liquidity. Interest Rates Strategy team, Citi. Head of International Rates Strategy, Citi. Working hours, political views, and German reunification.
Globalisation, government popularity, and the Great Skill Divide. Spring Meeting of Young Economists Economic Forecasting with Large Datasets. Homeownership of immigrants in France: Evidence from Real Estate.
Giglio, Maggiori, Stroebel, Weber. The Permanent Effects of Fiscal Consolidations. Demographics and the Secular Stagnation Hypothesis in Europe. Independent report on the Greek official debt. Step 1 — Agreeing a Crisis narrative. A world without the WTO: Interesting article here challenges to buyside of margin management. What about Single Bank Platforms? It was felt that SDPs would not go away, far from it. Last years AFME conference coverage is here. You are commenting using your WordPress. You are commenting using your Twitter account.
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