Author/Editor: Tonny Lybek, Abdourahmane Sarr.

Release Date:December, 2002

This paper provides an overview of indicators that can be used to illustrate and analyze liquidity developments in financial markets. The measures include bid-ask spreads, turnover ratios, and price more...

Author/Editor: Abdourahmane Sarr.

Release Date:May, 2001

The paper finds that costs of implementing stringent securities listing standards may exceed benefits. Depository receipts, a growing source of international equity financing, differ in types by the more...

Author/Editor: Abdourahmane Sarr.

Release Date:March, 2000

The paper shows that commercial banks’ ability to lower deposit interest rates (market power) can increase deposit mobilization. Interest expenses saved can subsidize and lower fees on more...