{"id":"https://openalex.org/W3204594884","doi":"https://doi.org/10.1080/17520843.2021.1983705","title":"Determinants of stock market liquidity \u2013 a macroeconomic perspective","display_name":"Determinants of stock market liquidity \u2013 a macroeconomic perspective","publication_year":2021,"publication_date":"2021-09-27","ids":{"openalex":"https://openalex.org/W3204594884","doi":"https://doi.org/10.1080/17520843.2021.1983705","mag":"3204594884"},"language":"en","primary_location":{"id":"doi:10.1080/17520843.2021.1983705","doi":"https://doi.org/10.1080/17520843.2021.1983705","is_oa":false,"landing_page_url":"https://doi.org/10.1080/17520843.2021.1983705","pdf_url":null,"source":{"id":"https://openalex.org/S46803900","display_name":"Macroeconomics and Finance in Emerging Market Economies","issn_l":"1752-0843","issn":["1752-0843","1752-0851"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","jufo-1","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Macroeconomics and Finance in Emerging Market Economies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039156856","display_name":"Priyanka Naik","orcid":"https://orcid.org/0000-0002-0157-1900","observed_orcids":["https://orcid.org/0000-0002-0157-1900"]},"institutions":[{"id":"https://openalex.org/I140887281","display_name":"Goa University","ror":"https://ror.org/030reqw53","country_code":"IN","type":"education","lineage":["https://openalex.org/I140887281"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"Priyanka Naik","raw_affiliation_strings":["Goa Business School, Goa University, Taleigao, India"],"raw_orcid":"https://orcid.org/0000-0002-0157-1900","affiliations":[{"raw_affiliation_string":"Goa Business School, Goa University, Taleigao, India","institution_ids":["https://openalex.org/I140887281"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005719472","display_name":"Y.V. Reddy","orcid":"https://orcid.org/0000-0002-0805-6637","observed_orcids":["https://orcid.org/0000-0002-0805-6637"]},"institutions":[{"id":"https://openalex.org/I140887281","display_name":"Goa University","ror":"https://ror.org/030reqw53","country_code":"IN","type":"education","lineage":["https://openalex.org/I140887281"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Y.V. Reddy","raw_affiliation_strings":["Goa Business School, Goa University, Taleigao, India"],"raw_orcid":"https://orcid.org/0000-0002-0805-6637","affiliations":[{"raw_affiliation_string":"Goa Business School, Goa University, Taleigao, India","institution_ids":["https://openalex.org/I140887281"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5039156856"],"corresponding_institution_ids":["https://openalex.org/I140887281"],"apc_list":null,"apc_paid":null,"fwci":1.1771,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.80075062,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"17","issue":"1","first_page":"153","last_page":"173"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9609000086784363,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9609000086784363,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.025200000032782555,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.004800000227987766,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-liquidity","display_name":"stock liquidity","score":0.9980000257492065},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.8629999756813049},{"id":"https://openalex.org/keywords/indian-stock-market","display_name":"Indian stock market","score":0.8960000276565552},{"id":"https://openalex.org/keywords/nifty-500","display_name":"Nifty 500","score":0.8539999723434448},{"id":"https://openalex.org/keywords/foreign-investment-inflows","display_name":"foreign investment inflows","score":0.9520000219345093},{"id":"https://openalex.org/keywords/gold-prices","display_name":"gold prices","score":0.9850000143051147},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.8889999985694885},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.7950000166893005}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.8338625431060791},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7458571195602417},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5602639317512512},{"id":"https://openalex.org/C176923680","wikidata":"https://www.wikidata.org/wiki/Q3002739","display_name":"Liquidity crisis","level":3,"score":0.5237914323806763},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.522084653377533},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4726867973804474},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.46879324316978455},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.4625204801559448},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.30138033628463745},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/17520843.2021.1983705","doi":"https://doi.org/10.1080/17520843.2021.1983705","is_oa":false,"landing_page_url":"https://doi.org/10.1080/17520843.2021.1983705","pdf_url":null,"source":{"id":"https://openalex.org/S46803900","display_name":"Macroeconomics and Finance in Emerging Market Economies","issn_l":"1752-0843","issn":["1752-0843","1752-0851"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","jufo-1","poland-20","russia-white-list-3"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Macroeconomics and Finance in Emerging Market Economies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:macfem:v:17:y:2024:i:1:p:153-173","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/17520843.2021.1983705","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6452000141143799,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":65,"referenced_works":["https://openalex.org/W119972640","https://openalex.org/W229879477","https://openalex.org/W287601393","https://openalex.org/W407014286","https://openalex.org/W1538413159","https://openalex.org/W1638742085","https://openalex.org/W1825609847","https://openalex.org/W1967554843","https://openalex.org/W1984630230","https://openalex.org/W2008541469","https://openalex.org/W2011538431","https://openalex.org/W2027427047","https://openalex.org/W2039682891","https://openalex.org/W2042268170","https://openalex.org/W2046519558","https://openalex.org/W2048192464","https://openalex.org/W2049208413","https://openalex.org/W2067535062","https://openalex.org/W2071698157","https://openalex.org/W2073106998","https://openalex.org/W2079172428","https://openalex.org/W2092693024","https://openalex.org/W2106978637","https://openalex.org/W2154187126","https://openalex.org/W2163793125","https://openalex.org/W2179087553","https://openalex.org/W2180155797","https://openalex.org/W2213544778","https://openalex.org/W2269514920","https://openalex.org/W2478103140","https://openalex.org/W2497617391","https://openalex.org/W2606531834","https://openalex.org/W2673721384","https://openalex.org/W2694412275","https://openalex.org/W2769799461","https://openalex.org/W2785325215","https://openalex.org/W2791259300","https://openalex.org/W2890152328","https://openalex.org/W2919076002","https://openalex.org/W2923618313","https://openalex.org/W2947401820","https://openalex.org/W2955080903","https://openalex.org/W2962932617","https://openalex.org/W2963003362","https://openalex.org/W2968455492","https://openalex.org/W3016065117","https://openalex.org/W3023036446","https://openalex.org/W3023188577","https://openalex.org/W3025814963","https://openalex.org/W3042266331","https://openalex.org/W3083624457","https://openalex.org/W3119339545","https://openalex.org/W3121238223","https://openalex.org/W3121257572","https://openalex.org/W3121401171","https://openalex.org/W3121453935","https://openalex.org/W3121729798","https://openalex.org/W3122172324","https://openalex.org/W3122846200","https://openalex.org/W3123129688","https://openalex.org/W3123891982","https://openalex.org/W3123899576","https://openalex.org/W3198613851","https://openalex.org/W4232279637","https://openalex.org/W4242944594"],"related_works":["https://openalex.org/W2513634766","https://openalex.org/W1570429273","https://openalex.org/W3147926038","https://openalex.org/W2890152328","https://openalex.org/W3083624457","https://openalex.org/W4411000538","https://openalex.org/W4411714219","https://openalex.org/W4231296449","https://openalex.org/W4230997250","https://openalex.org/W3197683919"],"abstract_inverted_index":{"This":[0],"study":[1,59],"examines":[2],"the":[3,9,12,18,42,62,71,85,96],"impact":[4],"of":[5,11,44,65],"macroeconomic":[6,29],"indicators":[7,30,72],"on":[8,41],"liquidity":[10,43,66],"Indian":[13],"stock":[14,97],"market":[15,98],"by":[16,70],"using":[17],"Granger":[19],"Causality,":[20],"Vector":[21],"Auto-Regressive":[22],"Model,":[23],"and":[24,35,56,73,81],"Impulse":[25],"Response":[26],"Functions.":[27],"Numerous":[28],"were":[31],"analysed":[32],"at":[33],"monthly":[34],"quarterly":[36],"frequencies":[37],"for":[38],"their":[39],"effect":[40],"NIFTY":[45],"500":[46],"stocks":[47],"measured":[48],"across":[49],"four":[50],"facets,":[51],"i.e.":[52],"depth,":[53],"breadth,":[54],"immediacy,":[55],"tightness.":[57],"The":[58],"reveals":[60],"that":[61,76],"tightness":[63],"facet":[64],"is":[67],"primarily":[68],"affected":[69],"further":[74],"concludes":[75],"higher":[77],"foreign":[78],"investment":[79],"inflows":[80],"gold":[82],"prices":[83],"impair":[84],"aggregate":[86],"liquidity.":[87,99],"In":[88],"contrast,":[89],"a":[90],"surge":[91],"in":[92],"money":[93],"supply":[94],"strengthens":[95]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2021-10-11T00:00:00"}
