TY  - JOUR
TT  - Measuring Liquidity in an Emerging Market: The Tunis Stock Exchange
AU  - Rouetbi, Emna
AU  - Mamoghli, Chokri
PY  - 2014
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 920
EP  - 929
VL  - 4
IS  - 4
KW  - Microstructure
KW  - liquidity
KW  - emerging markets
KW  - ACD
KW  - EGARCH.
N2  - In recent years, researches on microstructure have experienced considerable extensions. A major question that still has no precise answer is about measuring liquidity. Several measures were proposed in the literature in order to assess and understand this concept. This diversity of measures emanates from the main feature of liquidity which is multidimensionality. However, measuring liquidity constitutes the starting point for every research in this area. Indeed, the purpose of the present paper is to revisit the most complete measure of the intraday liquidity i.e. VNET and its main properties within an emerging market setting that is the Tunis Stock exchange.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//352061
L1  - https://dergipark.org.tr/tr/download/article-file/362926
ER  -