Summary of Getting a Grip on Liquidity
Notes from the Vault
Federal Reserve Bank of Atlanta, 3/2016
Liquidity is a concept financial market participants regularly refer to but don’t often agree on.
In attempting to define pornography, Supreme Court Justice Potter Stewart quipped, “I know it when I see it.” In the case of liquidity, the quote would most likely be “I know it when I don’t see it.” Liquidity can mean many things to many people, but all agree that its absence is bad. Economist Paula Tkac thinks it’s time to get a grip on this slippery idea. getAbstract recommends Tkac’s thoughtful introduction and outline of liquidity to financial professionals.
In this summary, you will learn
- What liquidity entails
- How different types of liquidity interact
- Why understanding liquidity is still a work in progress
Comment on this summary
Customers who read this summary also read
Viral Acharya et al.
Brookings Institution, 2015
Alyssa G. Anderson
Federal Reserve Board, 2015
World Economic Forum
World Economic Forum, 2016
Luis A.V. Catão and Rui C. Mano