Garbade, Kenneth D. (contributor); … - 2005
seemingly unrelated topic: routine settlement fails. Fails occur every
business day because of miscommunication, clerical … five business days.
33
This would increase the cost of
failing from the GC rate to the GC rate plus 5 percent and would … Pricing and the Bid-Ask Spread.” Journal of
Financial Economics 17, no. 2 (December): 223-249.
Amihud, Y., and H. Mendelson …