non-public information. However, the question of whether politicians made informed trades at the market level (using non …-public macroeconomic information, not just firm-specific information) in the first place and whether they continued to do so even after the … market returns. Our results imply that politicians used non-public macroeconomic information prior to the STOCK Act, and this …

This study analyzes the impact of the information environment (IE) and credit default swap (CDS) transaction costs on … information transmission between the stock and CDS markets. Using the daily regression analysis on the Korean firm's stock and CDS … sensitive total information flow from the stock market to the CDS market. Companies with lower transaction costs in the CDS …

Econometrics 2010) to illustrate the dynamics of pairs trading. We underline the process by which a finite elasticity of demand for …

strengthen as the stock market matures. The transaction costs on both markets show similar dynamics within the whole period …

Order flow toxicity is a measure of a trader's exposure to the risk that counter-parties possess private information or …