Discriminatory Pricing of Over-the-Counter Derivatives /

New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter incur transaction costs of less than 0.02%. Consistent with models of search frictions in...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Hau, Harald
Beste egile batzuk: Hoffmann, Peter, Langfield, Sam, Timmer, Yannick
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2019.
Saila:IMF Working Papers; Working Paper ; No. 2019/100
Sarrera elektronikoa:Full text available on IMF