Foreign equity flows: Boon or bane to the liquidity of Malaysian stock market?
This paper examines the impact of gross foreign equity inflows on aggregate liquidity of the Malaysian stock market using newly assembled foreign trading data and the best performing bid-ask spread proxy. Employing vector autoregression, we discover a one-way causality from gross inflows to aggregat...
Main Authors: | Liew, Ping Xin, Lim, Kian Ping, Goh, Kim Leng |
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Format: | Article |
Published: |
Elsevier
2018
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Subjects: |
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