Liquidity Under Stress: Comparative Evidence from the Global Financial Crisis and the COVID-19 Pandemic in India
The study examines the impact of the 2008 global financial crisis (GFC) and the COVID-19 pandemic on the liquidity dynamics at the National Stock Exchange of India (NSE). The analysis uses data on firms listed on the NSE over the period 2005–2022. Multiple low-frequency liquidity measures are employed to capture differ...