A Puzzle of Microstructure Market Maker Models /
This study addresses the empirical viability of microstructure models of dealer price setting. New evidence is presented rejecting these models' specifications of how information asymmetry and inventory accumulation affect dealer pricing. This rejection is consistent with those of other dealer-...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 2004/006 |
| الوصول للمادة أونلاين: | Full text available on IMF |