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Rethinking Valuation and Pricing Models by Greg N. Gregoriou, Christian Hoppe, Carsten Wehn

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29

Identification and Valuation Implications of Financial Market Spirals

Pankaj K. Jain, Ajay K. Mishra and Thomas H. McInish

University of Memphis

Chapter Outline

29.1 Introduction

Liquidity is a critically important factor for financial market stability and efficiency. Reduced liquidity played a crucial role in exacerbating the 1987 stock market crash, and in causing the near collapse of both financial ...

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