nep-ias New Economics Papers
on Insurance Economics
Issue of 2007‒06‒23
one paper chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Bussiness Management

  1. Liquidity and Market Incompleteness By Felipe Zurita

  1. By: Felipe Zurita (Instituto de Economía. Pontificia Universidad Católica de Chile.)
    Abstract: This note shows that according to Lipmann and McCall´s (1986) operational definition of liquidity, incomplete markets are a necessary condition for illiquidity.
    Keywords: Liquidity, Insurance
    JEL: G10 D83 G22
    Date: 2007

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