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Persistent link: https://www.econbiz.de/10014312102
This paper studies the drivers of primary dealers' repo activity and the effect of repo market frictions on bond market liquidity. It separates the two tiers of the bond market, the electronic limit order book (LOB) and the over-the-counter (OTC) market. The results, based on dealer-specific...
Persistent link: https://www.econbiz.de/10014254586