'Such programs are promising because they sidestep Banks and primary dealers to provide liquidity directly to borrowers or investors in key credit markets,' he said this week.
If bond secondary market has no enough liquidity, it will result in difficult trade of bond and primary market can't exist too.
如果债券流通市场缺乏流动性，会导致交易难以进行，发行市场也将难以维系。
3
Next, because a shareholder's redemption is the primary reason causing liquidity risk of open-ended fund, the thesis studies a shareholder's redeeming behavior, and makes an empirical analysis.