Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange
In recent years, researches on microstructure have experienced considerable extensions. A major question that still has no precise answer is about measuring liquidity. Several measures were proposed in the literature in order to assess and understand this concept. This diversity of measures emanates...
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| Format: | Article |
| Language: | English |
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EconJournals
2014-12-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/31964/352061?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797906701422166016 |
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| author | Emna Rouetbi Chokri Mamoghli |
| author_facet | Emna Rouetbi Chokri Mamoghli |
| author_sort | Emna Rouetbi |
| collection | DOAJ |
| description | In recent years, researches on microstructure have experienced considerable extensions. A major question that still has no precise answer is about measuring liquidity. Several measures were proposed in the literature in order to assess and understand this concept. This diversity of measures emanates from the main feature of liquidity which is multidimensionality. However, measuring liquidity constitutes the starting point for every research in this area. Indeed, the purpose of the present paper is to revisit the most complete measure of the intraday liquidity i.e. VNET and its main properties within an emerging market setting that is the Tunis Stock exchange. |
| first_indexed | 2024-04-10T10:24:47Z |
| format | Article |
| id | doaj.art-ddab956beccb45198987219a1323b0b8 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:24:47Z |
| publishDate | 2014-12-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-ddab956beccb45198987219a1323b0b82023-02-15T16:21:25ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382014-12-01449209291032Measuring Liquidity in an Emerging Market: The Tunis Stock ExchangeEmna RouetbiChokri MamoghliIn recent years, researches on microstructure have experienced considerable extensions. A major question that still has no precise answer is about measuring liquidity. Several measures were proposed in the literature in order to assess and understand this concept. This diversity of measures emanates from the main feature of liquidity which is multidimensionality. However, measuring liquidity constitutes the starting point for every research in this area. Indeed, the purpose of the present paper is to revisit the most complete measure of the intraday liquidity i.e. VNET and its main properties within an emerging market setting that is the Tunis Stock exchange.https://dergipark.org.tr/tr/pub/ijefi/issue/31964/352061?publisher=http-www-cag-edu-tr-ilhan-ozturkmicrostructure liquidity emerging markets acd egarch. |
| spellingShingle | Emna Rouetbi Chokri Mamoghli Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange International Journal of Economics and Financial Issues microstructure liquidity emerging markets acd egarch. |
| title | Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange |
| title_full | Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange |
| title_fullStr | Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange |
| title_full_unstemmed | Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange |
| title_short | Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange |
| title_sort | measuring liquidity in an emerging market the tunis stock exchange |
| topic | microstructure liquidity emerging markets acd egarch. |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/31964/352061?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| work_keys_str_mv | AT emnarouetbi measuringliquidityinanemergingmarketthetunisstockexchange AT chokrimamoghli measuringliquidityinanemergingmarketthetunisstockexchange |