relative to previous microstructure models. First, dealers may decide to hold overnight positions in the FX market if they .nd … data set, covering all transactions between dealers and customers from the o¢ cial Brazilian FX market from July 1, 1999 to …

not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …

institutions developing the market for government securities (i.e. dealers), and (ii) to describe the potential causes and effects …% of in office public servants worked at the dealers, whereas 46% of former bureaucrats moved to the dealers after their …

-enforcing agreements ('dealerships'), government debt management units (DMUs) have been appointing national and global banks (the 'dealers …. Mitigating potential risks, policy proposals advocate to enhance: (i) monitoring of the dealers' behaviour in fixed income …

The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and … the progress of electronic trading and the rise of non-bank traders, which has led bank dealers to make some adjustments …

the FX market: dealers and the premium they charge in order to provide overnight liquidity; customers and the stabilizing …

of Treasury securities, which might better enable dealers to intermediate large customer trading flows. We assess the … clearing of all outright trades would have lowered dealers' daily gross settlement obligations by roughly $330 billion (60 … estimated benefits would likely be greater if dealers' auction purchases were included in the analysis or if the increased …