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Market Liquidity - Foucault, Thierry (Professor of Finance, Professor of Finance, HEC Paris International Business School) a Pagano, Marco (Professor of Economics, Professor of Economics, University of Naples Federico II) a Roell, Ailsa (Professor of International and Public Af

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a more accurate and authoritative take on liquidity and price discovery.

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