01770cas a2200253 a 4500 AALejournalIMF002225 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875577 1018-5941 BD-DhAAL BD-DhAAL Lybek, Tonny. Measuring Liquidity in Financial Markets / Tonny Lybek, Abdourahmane Sarr. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (63 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides an overview of indicators that can be used to illustrate and analyze liquidity developments in financial markets. The measures include bid-ask spreads, turnover ratios, and price impact measures. They gauge different aspects of market liquidity, namely tightness (costs), immediacy, depth, breadth, and resiliency. These measures are applied in selected foreign exchange, money, and capital markets to illustrate their operational usefulness. A number of measures must be considered because there is no single theoretically correct and universally accepted measure to determine a market's degree of liquidity and because market-specific factors and peculiarities must be considered. Mode of access: Internet Sarr, Abdourahmane. IMF Working Papers; Working Paper ; No. 2002/232 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/232/001.2002.issue-232-en.xml IMF e-Library