scholarly journals Market Liquidity and Trader Welfare in Multiple Dealer Markets: Evidence from Dual Trading Restrictions

1999 ◽  
Vol 34 (1) ◽  
pp. 57 ◽  
Author(s):  
Peter R. Locke ◽  
Asani Sarkar ◽  
Lifan Wu



2020 ◽  
Vol 110 (4) ◽  
pp. 1145-1176
Author(s):  
Jesper Rüdiger ◽  
Adrien Vigier

We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers’ gain from becoming informed. When quotes are observable, this effect in turn induces a strategic complementarity in information acquisition amongst market makers. We then derive the equilibrium pattern of information acquisition and examine the implications of our analysis for market liquidity and price discovery. We show that increasing the cost of information can decrease market liquidity and improve price discovery. (JEL O82, O83, G14)



2007 ◽  
pp. 4-26 ◽  
Author(s):  
M. Ershov

Growing involvement of Russian economy in international economic sphere increases the role of external risks. Financial problems which the developed countries are encountered with today result in volatility of Russian stock market, liquidity problems for banks, unstable prices. These factors in total may put longer-term prospects of economic growth in jeopardy. Monetary, foreign exchange and stock market mechanisms become the centerpiece of economic policy approaches which should provide for stable development in the shaky environment.





2014 ◽  
Vol 33 (1) ◽  
pp. 83-97
Author(s):  
Kyung-shick Cho ◽  
Heon-Yong Jung
Keyword(s):  


Author(s):  
Ruslan Goyenko ◽  
Avanidhar Subrahmanyam ◽  
Andrey Ukhov






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