1 Internal estimates suggest that a shock of that size in China alone would bring down GDP in the euro  1  World Economic Outlook, April 2013, Chapter 2. BIS central bankers’ speeches  1  area by 0.1–0.2%.
Better liquidity, which is instrumental to faster and more accurate price discovery and therefore to more-informative prices, can also be brought about by an increased presence of new institutions in new or existing markets.