We study the Green and Lin (2003) model of financial intermediation with two new features: traders may face a cost of contacting the intermediary, and consumption needs may be correlated across traders. We show that each feature is capable of generating an equilibrium in which some (but not all)...

This thesis examines the linkages between the bank bill market and the bank bill futures market in New Zealand using intraday data. The thesis is motivated primarily by the dearth of research on inter-market linkages in interest rate markets using high frequency data.The thesis examines four...

This thesis addresses some important issues in corporate governance usingdata from Chinese stock markets. The thesis starts with a summary of relevantresearch in the area of corporate governance. Next, I describe the historicdevelopment of corporate governance in China and the corporate...