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This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing “unconventional” monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities that the central bank uses to manage...
Persistent link: https://www.econbiz.de/10013058179
Persistent link: https://www.econbiz.de/10012999325
Unlike outside investors, controlling groups have the option to trade on inside information and can exercise it at the expense of outside investors. This paper computes informed trading probabilities (ITPs) for the universe of liquid stocks from seven Latin American countries, trading both at...
Persistent link: https://www.econbiz.de/10013126646