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Advanced Search Results For "OVER-the-counter markets"

1 - 10 of 9,780 results for
 "OVER-the-counter markets"
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Foreign Exchange Volume.

Publication Type: Academic Journal

Source(s): Review of Financial Studies. May2022, Vol. 35 Issue 5, p2386-2427. 42p.

Abstract: We investigate the information contained in foreign exchange (FX) volume using a novel data set from the over-the-counter market. We find volume helps predict next-day currency returns and is economically valuable for currency investors. Predictability...

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Counterparty Risk in Over-the-Counter Markets.

Publication Type: Academic Journal

Source(s): Journal of Financial & Quantitative Analysis. May2022, Vol. 57 Issue 3, p1058-1082. 25p.

Abstract: We study trading and risk management decisions of banks in over-the-counter markets, accounting for 2 types of risk: payoff risk from loans and counterparty risk from trading activities. Our model provides empirically supported predictions on the struc...

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Theory of Participation in OTC and Centralized Markets.

Publication Type: Academic Journal

Source(s): Review of Economic Studies. Nov2022, Vol. 89 Issue 6, p3223-3266. 44p. 1 Diagram, 6 Graphs.

Abstract: Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we study a model in which banks make costly decisions to participate in an OTC market, a centralized market, or both market...

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To pool or not to pool? Security design in OTC markets.

Publication Type: Academic Journal

Source(s): Journal of Financial Economics. Aug2022:Part B, Vol. 145 Issue 2, p508-526. 19p.

Abstract: We study security issuers' decisions on whether to pool assets when facing counterparties endowed with market power, as is common in over-the-counter markets. Our analysis reveals how buyers' market power may render the pooling of assets suboptimal — b...

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Opening the OTC drug market: The effect of deregulation on retail pharmacy's performance.

Publication Type: Academic Journal

Source(s): International Journal of Research in Marketing. Sep2022, Vol. 39 Issue 3, p847-866. 20p.

Abstract: Governments in many countries have deregulated the retail pharmacy market to offer easier and broader access to pharmacy services. Such deregulation has spurred the competition by allowing the entry of new drug distribution channels. Current research l...

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The Model of OTC Securities Market Transformation in the Context of Asset Tokenization.

Publication Type: Academic Journal

Source(s): Mathematics (2227-7390). Oct2022, Vol. 10 Issue 19, p3441. 16p.

Abstract: The relevance of this study stems from the fact that the development of a market for financial instruments can significantly expand lending opportunities for small- and medium-sized businesses. While research on the impact of tokenization on financial ...

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Corporate hedging fragility in the over-the-counter market.

Publication Type: Academic Journal

Source(s): Journal of Empirical Finance. Jun2022, Vol. 67, p253-270. 18p.

Abstract: We study the effects of a derivatives supply shock on corporate hedging based on counterparty derivative provision in the Over-the-Counter market. We find that corporate hedging programs are fragile. When a firm's counterparty in derivative transaction...

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Model risk in the over-the-counter market.

Publication Type: Academic Journal

Source(s): European Journal of Operational Research. Apr2022, Vol. 298 Issue 2, p769-784. 16p.

Abstract: • We propose a methodology to measure model risk for illiquid derivatives. • We separately measure parameter estimation risk and model specification risk. • We propose a methodology to measure model selection risk of model classes. • We apply the metho...

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Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark.

Publication Type: Academic Journal

Source(s): Journal of Financial Economics. Jan2022, Vol. 143 Issue 1, p569-592. 24p.

Abstract: We study the effects of a price transparency shock in the Brazilian equity lending market, an over-the-counter market. Previously, the available loan fee benchmark was the mean loan fee of the past 15 trading days. On March 1, 2011, this interval was r...

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Signaling in OTC Markets: Benefits and Costs of Transparency.

Publication Type: Academic Journal

Source(s): Journal of Financial & Quantitative Analysis. Feb2020, Vol. 55 Issue 1, p47-75. 29p.

Abstract: We provide a theoretical rationale for dealer objections to ex post transparency in over-the-counter markets. Disclosure of the terms of a transaction conveys information possessed by the dealer about the asset quality and reduces the dealer's rents wh...

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