ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Resilience of Liquidity in Indian Securities Markets

Liquid securities markets are a core goal of financial sector reforms, and this has two dimensions: low impact cost and high resilience. We employ elements of evidence to suggest that equity market liquidity is robust to negative price shocks. However, bond market liquidity appears fragile when faced with negative price shocks.

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