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نقدینگی بازار
The Rise of Market Liquidity
Contractual liquidity, however, can be substituted by market liquidity.
Market liquidity prevented lenders in corporate bond markets from being locked into long-term credit relationships. 16
In the industrial age, market liquidity was an imperfect substitute for contractual liquidity.
Information technology contributes to market liquidity not only by mitigating insider trading, but also by allowing for virtual marketplaces.
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