Despite the availability of low-cost exchanges, over-the-counter (OTC) trading is pervasive
for most assets. We explain the prevalence of OTC trading using a model of adverse …

W hat securities should the US Treasury offer? Traditionally, the Treasury has offered long-
term coupon bonds, short-term notes and bills, and retail savings bonds, securities not much …

Монография посвящена вопросам развития инструментальной и технологической
составляющих современных финансовых рынков, принципам появления …

This study investigates the relationship of conventional bonds and sukuk'yields spread to
institutional investors using multivariate regression model. Secondary data was used for …

Over-the-counter trading thrives despite opposing regulatory pressure. In our model, traders
who pose a lower adverse selection risk optimally choose the OTC market, where a dealer …

Generating sufficient domestic revenues to finance economic growth has been a critical
hurdle for many African countries and, for decades, foreign capital has complemented …

This paper investigates the effect of market and liquidity risks on corporate bond pricing in
Turkey, an emerging market, and in Europe. Results show that corporate bond returns have …

Legendary economist Dr. Henry Kaufman shares a classic Wall Street story that has never
been fully told: a firsthand account of the day in August 1982 that would define US …

2009 was the default year of Malaysian sukuk. It grew larger due to blind market information
about defaults, summing up the loss of USD 2.243 billion. Malaysian sukuk market still …

I denne oppgaven undersøker vi om terminspredningen i det amerikanske penge-og
obligasjonsmarkedet kan brukes til å forutsi en resesjon. Vi begynner med en grundig …