Sporadic manipulation in money markets with central bank standing facilities

Research, Preprint OPEN
Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; Valla, Natacha;
(2004)
  • Publisher: Frankfurt a. M.: European Central Bank (ECB)
  • Subject: D84 | money market | E52 | corridor system, manipulation, money market | corridor system | manipulation
    • ddc: ddc:330

In certain market environments, a large investor may benefit from building up a futures position first and trading subsequently in the spot market (Kumar and Seppi, 1992). The present paper identifies a variation of this type of manipulation that might occur in money ma... View more
  • References (13)
    13 references, page 1 of 2

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