Arbeitspapier
The Information Content of Market Liquidity: An Empirical Analysis of Liquidity at the Oslo Stock Exchange?
We investigate the information content of aggregate stock market liquidity and ask whether it may be a useful realtime indicator, both for financial stress, and real economic activity in Norway. We describe the development in a set of liquidity proxies at the Oslo Stock Exchange (OSE) for the period 1980-2008, with particular focus on crisis period 2007 through 2008, showing how market liquidity and trading activity changed for the whole market as well as for individual industry sectors. We also evaluate the predictive power of market liquidity for economic growth both in-sample and out-of-sample.
- ISBN
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978-82-7553-532-8
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2009/26
- Classification
-
Wirtschaft
General Financial Markets: General (includes Measurement and Data)
Financial Institutions and Services: General
- Subject
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liquidity
business cycles
financial crisis
economic activity
- Event
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Geistige Schöpfung
- (who)
-
Skjeltorp, Johannes A.
Ødegaard, Bernt Arne
- Event
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Veröffentlichung
- (who)
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Norges Bank
- (where)
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Oslo
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Skjeltorp, Johannes A.
- Ødegaard, Bernt Arne
- Norges Bank
Time of origin
- 2009
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