Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83540
Authors: 
Csávás, Csaba
Erhart, Szilárd
Year of Publication: 
2005
Series/Report no.: 
MNB Occasional Papers 44
Abstract: 
The subject of our study is market liquidity, which is an important element of the functioning of financial markets. Adequate liquidity of markets is of great significance from the point of view of both market participants and the central bank. On the one hand, of all market segments an examination was made of the domestic forint-euro spot FX market, which is of key importance due to the openness of the country’s economy. On the other hand, an analysis was made of the market of forint denominated government bonds, which plays a crucial role in the transmission of the central bank’s interest rate policy. [...]
Subjects: 
market liquidity
financial markets
bid-ask spread
market turnover
JEL: 
F31
G14
G15
Document Type: 
Working Paper

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