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A Taxonomy of Liquidity
International Journal of Political Economy ( IF 1.0 ) Pub Date : 2020-08-26 , DOI: 10.1080/08911916.2020.1824734
James Culham 1
Affiliation  

Abstract The term “liquidity” covers many concepts but is generally taken to refer to the ease of convertibility into money. The literature classifies this ease of convertibility as “market liquidity” to distinguish it from “funding liquidity,” which represents the ease of obtaining funding. Many other forms of liquidity can be identified that do not receive their own specific classification. A more granular taxonomy that clarifies and distinguishes each form would permit greater analytical precision when investigating empirical evidence. This paper offers such a taxonomy.

中文翻译:

流动性分类

摘要 “流动性”一词涵盖了许多概念,但通常是指易于兑换成货币。文献将这种易兑换性归类为“市场流动性”,以区别于“资金流动性”,后者代表了获得资金的难易程度。可以识别许多其他形式的流动性,它们没有自己的特定分类。在调查经验证据时,澄清和区分每种形式的更细粒度的分类法将允许更高的分析精度。本文提供了这样的分类法。
更新日期:2020-08-26
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