# Professor Yakov Amihud's "Illiquidity Ratio" is referenced

1 Faculty News February 19, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloombergview.com/articles/2016-02-19/bear-markets-don-t-predict-recessions-but-liquidity-might) -- "There are different ways of measuring liquidity (or illiquidity). The most obvious is to calculate the change in price per unit of trade volume. These estimates come in a variety of flavors. The best known, perhaps, is the Illiquidity Ratio, or ILR, devised by [Yakov Amihud](http://www.stern.nyu.edu/faculty/bio/yakov-amihud), a professor at NYU’s Stern School of Business."

[Read more](http://www.bloombergview.com/articles/2016-02-19/bear-markets-don-t-predict-recessions-but-liquidity-might)