As a result, the ECB was forced to resort to schemes that are technically difficult to implement because of a lack of liquid markets for those assets, e.g. buying repackaged loans of small- and medium-sized companies.Thus, the ECB announced QE but found itself in a quandary: the easy instruments were forbidden for quasi-religious reasons.
Longer term, he hints at exploring how to offer this sort of equity loyalty model to small and medium businesses, a significantly more complex challenge given the lack of liquid markets for their equity.
That's because clearinghouses, where liability for losses is shared among members, are most effective when they're used for products with large, liquid markets — like the $325 trillion bazaar for interest-rate swaps.
The good news is that transaction costs have plummeted, which should make for more efficient and liquid markets.
Emerging cellphone-based payment systems, automated banking transfers and the increasingly liquid markets for online goods in multiplayer games will all be ripe targets for online crooks.
Goldman and the other big banks/trading houses do a bit of that, and even some of their trading — in facilitating liquid markets for things like stocks and bonds — is socially productive.
We know, more or less, the price of financial assets at any moment, assuming that there are liquid markets for them, but we can't be certain of those prices.
America is the favoured place because it has broad and liquid markets for securities.That interpretation sits awkwardly with another: that excess saving, particularly in China, is the result of exchange-rate policy.
These innovations include creating liquid markets for a wide variety of securities, from Michael Milkens high-yield bonds to employee stock- ownership plans.
New supplies from Africa, Australia and the eastern Mediterranean would not face the same threat.Special report An unconventional bonanza Gas works Landscape with well Sorting frack from fiction A world of plenty Careful what you wish for A liquid market A better mix Sources & acknowledgmentsReprintsSome argue that more gas means more opportunities for tensions.
