13-154/IV - Identifying Cross-Sided Liquidity Externalities

• Authors
  Johannes A. Skjeltorp, Norges Bank, Norway; Elvira Sojli, Rotterdam School of Management, Erasmus University Rotterdam, Duisenberg school of finance; Wing Wah Tham, Erasmus University Rotterdam
• Publication date
  October 3, 2013

• Keywords
  Liquidity cycle, Liquidity externality; Two-sided markets; Make/take fees
• JEL
  G10, G20, G14