Essays on Market Microstructure and Stock Market Liquidity. / Lim, SungKyu.

2014. 256 p.

Research output: ThesisDoctoral Thesis

Unpublished

Documents

Abstract

Market microstructure is a branch of finance concerned with theoretical, empirical, and experimental research on the security markets. It emerged as a consequence of a variety of frictions (trading frictions and asymmetric information) that caused an inconsistency between actual and expected prices. Despite the theoretical and empirical development in various subfields, such as the role of information in the price discovery process, asymmetric information, control of liquidity, and regulation of alternate trading mechanisms and market structure, there are a number of questions associated with less researched issues in the market microstructure literature. These include the liquidity volatility spillover effect, conflicts associated with multidimensional characteristics of liquidity, and impact of liquidity on various economic indicators.
Original languageEnglish
QualificationPh.D.
Awarding Institution
Supervisors/Advisors
Award date1 Apr 2014
Publication statusUnpublished - 2 Apr 2014
This open access research output is licenced under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

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