policy risk. Yet most end investors place their Treasury auction bids through an intermediary rather than submit them …, information aggregators increase expected auction revenue but also make the revenue more sensitive to changes in asset value. We …

deeper and more accurately these two findings by taking Italy as a case study. Our results question the so-called auction …

borrow from the Term Auction Facility rather than from the discount window. The incidence of stigma varied according to bank …. -- discount window ; Term Auction Facility ; stigma ; crisis ; monetary policy …

of the FBA design removes the inefficiency by allowing traders to submit orders conditional on auction excess demand. …

opening auction only relates to low volume stocks. Low volume stock traders avoid trading until the open; this seems connected … to their evading the informed trading-dominated opening auction. For the largest volume stocks, the opening auction …