There is a lack of consensus on the formal definition of liquidity
Evidence confirms that liquidity is an elusive, multi-faceted economic concept with varying forms (such as market, funding, and accounting liquidity), making a single rigorous formal definition difficult to establish.
Judged against reference works: claims of this kind are settled by reference works, not journal abstracts.
Wikipedia: Liquidity. Wikipedia. https://en.wikipedia.org/wiki/Liquidity
Reference article covering this claim directly
See more details
ar5iv.labs.arxiv.org: [1112.6169] Measuring market liquidity: An introductory survey. ar5iv.labs.arxiv.org. https://ar5iv.labs.arxiv.org/html/1112.6169
States that providing a rigorous and empirically relevant definition of market liquidity has been a difficult task.
sciencedirect.com: Measuring the multi-faceted dimension of liquidity in .... sciencedirect.com. https://www.sciencedirect.com/science/article/abs/pii/S0275531918311024
Refers to the multi-faceted dimension of liquidity in financial markets.
The paper trail · every fact has a biography
Challenge the receipt
Citation formatting by citeproc-js (Frank Bennett) and the Citation Style Language project. Source and licenses.
Terms · Privacy · How verdicts work · Dispute this receipt