There is a lack of consensus on the formal definition of liquidity
the verdict
SUPPORTED
the evidence backs this
confidence 75/100
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.
Evidence for · 3
Wikipedia: Liquidity
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Reference article covering this claim directly
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More for · 2
ar5iv.labs.arxiv.org: [1112.6169] Measuring market liquidity: An introductory survey
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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 ...
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Refers to the multi-faceted dimension of liquidity in financial markets.