model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain … international equity trades: (i ) trading by US investors occurs in bursts of simultaneous buying and selling, (ii ) Americans build …

for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial …. Then, we show how a central bank, by deciding on the money supply, may affect the revelation of information at equilibrium. …

Financial decision makers often consider the information in currency option valuations when making assessments about …

We model the interbank market for overnight credit with heterogeneous banks and asymmetric information. An … information about the liquidity situation in the market. It is shown that with positive probability, the liquidity effect … rate. The phenomenon does not disappear when the number of banks increases. We also show that private information mitigates …

proposed by Bacchetta and van Wincoop (2003) and allows us to disentangle the liquidity and information effects of order flow …

In their seminal paper French and Roll (1986) postulate that public information affects prices before anyone can trade … by high trading volume. Empirical evidence on this question is still mixed, primarily due to the lack of sufficiently … very precise information from the largest European bond futures market. The results show that the price response to public …

less liquid stocks Historically neglected stocks also witnessed an increase in the volume of trading and market prices …