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"Market Liquidity by Professors Foucault, Pagano and Roell is a wonderful addition to the lit erature on how markets work; why, sometimes, they don't work as we might wish; and how this affects regulation and corporate decision making. The book is rich in detail, covering the institutional structure of financial markets and the economic and statistical models we use to understand them. While structured as a textbook, it can be read in different ways. Those less interested in the mathematical det...Vis mer