Work

Market Opacity and Fragility: Why Liquidity Evaporates When It Is Most Needed

Year: 2026

Type: article

Source: American Economic Review

DOI: 10.1257/aer.20231613

Authors: Giovanni Cespa, Xavier Vives

Institutions: City, University of London, City St George's, University of London, IESE Business School

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: closed

OpenAlex ID: W7166679339

FWCI: 13.96

Cites: 41

Cited by: 2

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