Kurosaki, Tetsuo; Kumano, Yusuke; Okabe, Kota; Nagano, … - Bank of Japan - 2015
), including futures, cash, and special collateral (SC) repo, thereby examining market liquidity from various angles. Traditional … divergence in quotes offered by dealers in the JGB cash market, and the lending fee of JGBs in the SC repo market -- all suggest …