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	param	t-stat
$m$	31
$α$	0.1589	1.96
$β$	0.7706	50.53
$γ$	-0.1589	-0.90
$λ_{1}$	10.0000	1.54
$λ_{2}$	0.8721	2.01
$λ_{3}$	0.1181	2.21

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Banca Nazionale del Lavoro SpA ILLIQ-MFMEM Liquidity Analysis

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Parameter Estimates

News Impact Curve

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