We study the impact of fractional trading on the price levels and order book dynamics observed in the market. Fractional trading has been a recent introduction in equities markets on multiple trading platforms, allowing individuals to buy a fraction of a share of stocks or ETFs (exchange-traded...

Regulators in emerging markets are increasingly curtailing the practice of foreigncurrency lending. In such a move Turkish regulatory authorities banned foreign currencylending to households in 2009. This paper examines the evolution of financial dollarization inTurkey in the 2002–2009 period...