illiquidity
2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Sep 17, 2018 by Stephen McKeon · across every show →
Everything said about illiquidity, oldest first
Sep 17, 2018
McKeon: Academic finance defines liquidity as costliness to trade, not tradeability
“When we think about, like, illiquidity or liquidity as academics, we don't think about it as, like, ability to trade or inability to trade. We think of it as costliness to trade, right? So, like, price impact or bid-ask spread, like, these are the measures we …”