Author information:
Zsuzsa R. Huszár https://orcid.org/0000-0002-4325-5295: Corvinus University of Budapest, Full Professor; National University of Singapore – NUS Business School, Adjunct Faculty. E-mail: zsuzsareka.huszar@uni-corvinus.hu
Soma Csaba Lehotzky https://orcid.org/0009-0000-0014-9364: Corvinus University of Budapest, PhD Student. E-mail: soma.lehotzky@stud.uni-corvinus.hu
Cite as (APA):
Huszár, Z.R., & Lehotzky, S.C. (2026). Report on the 16th Annual Financial Markets and Liquidity Conference. Financial and Economic Review, 25(1), 169–177. https://hitelintezetiszemle.mnb.hu/en/fer-25-1-cr1-huszar-lehotzky
Column:
Conference report
References:
Bogousslavsky, V. – LeBaron, B. – Pontiff, J. (2025): A Century of Market Reversals: Resurrecting Volatility. SSRN Working Paper No. 5410662. https://doi.org/10.2139/ssrn.5410662
Campbell, J.Y. – Grossman, S.J. – Wang, J. (1993): Trading volume and serial correlation in stock returns. Quarterly Journal of Economics, 108(4): 905–939. https://doi.org/10.2307/2118454
Conrad, J.S. – Hameed, A. – Niden, C. (1994): Volume and autocovariances in short-horizon individual security returns. Journal of Finance, 49(4): 1305–1329. https://doi.org/10.1111/j.1540-6261.1994.tb02455.x
Crescini, A. – Trojani, F. – Vedolin, A. (2025): Demand-Based Expected Returns. Swiss Finance Institute Research Paper No. 25-90. https://doi.org/10.2139/ssrn.5337870
Coibion, O. – Gorodnichenko, Y. (2015): Information rigidity and the expectations formation process: A simple framework and new facts. American Economic Review, 105(8): 2644–2678. https://doi.org/10.1257/aer.20110306
Grossman, S.J. – Miller, M.H. (1988): Liquidity and market structure. Journal of Finance, 43(3): 617–633. https://doi.org/10.2307/2328186
Ho, T. – Stoll, H.R. (1981): Optimal dealer pricing under transactions and return uncertainty. Journal of Financial Economics, 9(1): 47–73. https://doi.org/10.1016/0304-405X(81)90020-9
Molavi, P. – Tahbaz-Salehi, A. – Vedolin, A. (2025): Expectations and the TermStructure of Interest Rates. Online manuscript. https://pooyamolavi.com/term_structure.pdf
Pástor, L. – Stambaugh, R.F. (2003): Liquidity risk and expected stock returns. Journal of Political Economy, 111(3): 642–685. https://doi.org/10.1086/374184
Pontiff, J. – Singla, R. (2020): Liquidity risk? Critical Finance Review, 8(2): 257–276. https://doi.org/10.1561/104.00000075
Ross, S.A. (2015): The recovery theorem. Journal of Finance, 70(2): 615–648. https://doi.org/10.1111/jofi.12092