The traditional liquidity indices are mostly exogenous, and can only measure the liquidity order between different bonds, but can do nothing to the exact level of a bond's liquidity cost.
传统的流动性指标多是外生的,而且只能衡量流动性的程度,对衡量流动性成本究竟有多大无能为力。
The traditional liquidity indices are mostly exogenous, and can only measure the liquidity order between different bonds, but can do nothing to the exact level of a bond's liquidity cost.
传统的流动性指标多是外生的,而且只能衡量流动性的程度,对衡量流动性成本究竟有多大无能为力。
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