Showing 1 - 10 of 30
transparency relating to effective risk transfer, risk-related management compensation, and credible measurement of rating …
Persistent link: https://www.econbiz.de/10010986376
We report evidence that the presence of hidden liquidity is associated with greater liquidity in the order books, greater trading volume, and smaller price impact. Limit and market order submission behavior changes when hidden liquidity is present consistent with at least some traders being able...
Persistent link: https://www.econbiz.de/10010986420
We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are...
Persistent link: https://www.econbiz.de/10010958522
' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …
Persistent link: https://www.econbiz.de/10010958606
provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …
Persistent link: https://www.econbiz.de/10010958715
For some time now the buzzword 'transparency' has been bandied about in the media almost daily. For example, calls were … made for greater transparency in the financial system in connection with developments in the Asian financial markets. But … the call for greater transparency goes far beyond the financial markets. It is now regarded as a necessary part of good …
Persistent link: https://www.econbiz.de/10010958721
I investigate the effect of transparency on the borrowing costs of Emerging Markets Economies. Transparency is measured …
Persistent link: https://www.econbiz.de/10010958794
all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …
Persistent link: https://www.econbiz.de/10009399195
This paper examines the over-the-counter (OTC) interest rate derivatives (IRD) market in order to inform the design of post-trade price reporting. Our analysis uses a novel transaction-level data set to examine trading activity, the composition of market participants, levels of product...
Persistent link: https://www.econbiz.de/10010551295
As a result of a large number of food scandals, societal interest in transparency in the food sector has grown … address. Hence, the creation of transparency in the production process has been the focus of the legislation. In this context … foods. This is intended as a response to the general call for more transparency or a "gläserne Produktion ". It has not been …
Persistent link: https://www.econbiz.de/10008693348