Does liquidity in the FX market depend on volatility?

Westerhoff, Frank H.Frank H.Westerhoff0000-0003-1666-4103Manzan, SebastianoSebastianoManzan2021-12-212021-12-212004https://fis.uni-bamberg.de/handle/uniba/52567engDoes liquidity in the FX market depend on volatility?articlehttps://www.researchgate.net/publication/4805321_Does_liquidity_in_the_FX_market_depend_on_volatility