A Creative Institutional Response to Twin Problems of Liquidity and Information Gaps in Certain Emerging Markets

16 Pages Posted: 4 Dec 2011

See all articles by Hammad Siddiqi

Hammad Siddiqi

University of the Sunshine Coast-School of Business

Abstract

We show that market makers in emerging markets of India and Pakistan developed a creative institutional response to solve the twin problems of liquidity and information gaps. These ‘institutional entrepreneurs’ developed a peculiar carryover transaction facility. A case can be made for finding other creative market responses in emerging markets that typically face similar problems.

Suggested Citation

Siddiqi, Hammad, A Creative Institutional Response to Twin Problems of Liquidity and Information Gaps in Certain Emerging Markets. International Review of Finance, Vol. 11, No. 4, 2011, Available at SSRN: https://ssrn.com/abstract=1968087 or http://dx.doi.org/10.1111/j.1468-2443.2011.01142.x

Hammad Siddiqi (Contact Author)

University of the Sunshine Coast-School of Business ( email )

Brisbane, QLD 70010
Australia
+61404900497 (Phone)

HOME PAGE: http://www.usc.edu.au/staff-repository/dr-hammad-siddiqi

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