Fischer Black’s scientific contributions

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Publications (1)


Toward a fully automated exchange
  • Article

January 1971

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96 Reads

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88 Citations

Financial Analysts Journal

Fischer Black

Citations (1)


... The theoretical underpinning of illiquidity risk stems from Black's (1971) liquidity preference theory. Black (1971) proposes that illiquidity risk in financial markets arises from slow price recovery mechanisms, mainly from uninformative shocks. ...

Reference:

Exploring illiquidity risk pre and during the COVID-19 pandemic era: Evidence from international financial markets
Toward a fully automated exchange
  • Citing Article
  • January 1971

Financial Analysts Journal