Narrow search
Showing 1 - 10 of 6,333
Cover Image
Dealers’ Hedging of Interest Rate Options in the U.S. Dollar Fixed-Income Market
Kambhu, John - Federal Reserve Bank <New York, NY>; London School of … - 1998
a wide variety of risks. Financialderivatives allow dealers to intermediate the risk managementneeds of their customers …
Persistent link: https://www.econbiz.de/10005870101
Cover Image
Price discovery in government bond markets
Valseth, Siri - Universitetet <Stavanger> / School of Business … - 2011
interdealer trades, customer trades, trade types anddealer identities, the paper explores the role of dealers in the price … explanatory power. At the individual dealerlevel the results reveal that dealers contribute differently in the price discovery …
Persistent link: https://www.econbiz.de/10009305184
Cover Image
Endogenous preemption on both sides of a market
Güth, Werner; Müller, Wieland; Potters, Jan - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
We study a market in which both buyers and sellers can decide to preempt and set theirquantities before market clearing. Will this lead to preemption on both sides of the market,only one side of the market, or to no preemption at all? We …nd that preemption tends to beasymmetric in the sense...
Persistent link: https://www.econbiz.de/10005866824
Cover Image
INVESTOR SENTIMENT, DISCOUNTS ANDRETURNS ON CLOSED-END FUNDS
Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2000
The pricing of closed-end funds in the United States has been a focus of debate aboutmarket efficiency. Institutional ownership of closed-end fund shares in the UnitedKingdom is much greater than in the U.S., yet share prices display similar evidence ofnoise trading...
Persistent link: https://www.econbiz.de/10005869079
Cover Image
Order flow in the South: Anatomy of the Brazilian FX market
Wu, Thomas - 2007
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 …
Persistent link: https://www.econbiz.de/10010322735
Cover Image
Dealers' insurance, market structure, and liquidity
Carapella, Francesca; Monnet, Cyril - 2018
We develop a parsimonious model to study the equilibrium structure of over-the-counter securities markets. We show that regulations aimed at reducing counterparty risk and improving liquidity can be ineffcient. Such regulations have a direct positive effect on entry in those markets, thus...
Persistent link: https://www.econbiz.de/10012112079
Cover Image
Money Is the Root of Asset Bubbles
Awaya, Yu; Iwasaki, Kohei; Watanabe, Makoto - 2024
not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …
Persistent link: https://www.econbiz.de/10014534470
Cover Image
Dealing with dealers : sovereign CDS comovements
Antón, Miguel; Mayordomo Gómez, Sergio; Rodríguez … - 2017
En este estudio se muestra que los CDS soberanos que comparten dealers tienden a estar más correlacionados …, especialmente cuando estos dealers presentan una actividad similar en la frecuencia de sus cotizaciones de dichos CDS. Este … comportamiento común en la actividad de los dealers es uno de los principales causantes de la covariación de los precios de los CDS …
Persistent link: https://www.econbiz.de/10012530563
Cover Image
Revolving doors in government debt management
Silano, Filippo - 2022
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 …
Persistent link: https://www.econbiz.de/10013174504
Cover Image
Agency costs in primary dealer systems
Silano, Filippo - 2023
-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 …
Persistent link: https://www.econbiz.de/10013549905