- published: 09 Jul 2013
- views: 5291
In business, economics or investment, market liquidity is an asset's ability to be sold without causing a significant movement in the price and with minimum loss of value. Money, or cash, is the most liquid asset, and can be used immediately to perform economic actions like buying, selling, or paying debt, meeting immediate wants and needs. However, currencies, even major currencies, can suffer loss of market liquidity in large liquidation events. For instance, scenarios considering a major dump of US dollar bonds by China or Saudi Arabia or Japan, each of which holds trillions in such bonds, would certainly affect the market liquidity of the US dollar and US dollar denominated assets. There is no asset whatsoever that can be sold with no effect on the market.
An act of exchange of a less liquid asset with a more liquid asset is called liquidation. Liquidity also refers both to a business's ability to meet its payment obligations, in terms of possessing sufficient liquid assets, and to such assets themselves.
Hito Steyerl has produced a variety of work as a filmmaker and author in the field of essayist documentary video. Her principal topics of interest are media and the global circulation of images. In 2004 she participated in Manifesta 5, The European Biennial of Contemporary Art. She also participated in documenta 12, Kassel 2007, Shanghai biennial 2008, and Gwangju and Taipeh biennials 2010 and was the subject of numerous solo exhibitions throughout Europe. In addition, Steyerl holds a PhD in Philosophy, is a professor for media art at the University of Arts Berlin and has taught film and theory at (amongst other institutions) Goldsmiths College and Bard College, Center for Curatorial Studies.