nep-ias 2007-06-23 papers

on Insurance Economics

Issue of 2007‒06‒23
one paper chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Bussiness Management

Liquidity and Market Incompleteness By Felipe Zurita

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
URL:	http://d.repec.org/n?u=RePEc:ioe:doctra:318&r=ias

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