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...
| Tác giả chính: | |
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| Tác giả khác: | , , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2019/100 |
| Truy cập trực tuyến: | Full text available on IMF |