Centralizing Over-the-Counter Markets?
Copyright policy )Centralizing Over-the-Counter Markets?
Y aurait-il des gains de bien-être si les opérations sur titres à revenu fixe actuellement réalisées sur le marché hors cote (échanges bilatéraux) étaient centralisées sur une plateforme électronique? Des microdonnées sur le marché secondaire des titres d’emprunt du gouvernement du Canada nous aident à répondre à cette question.
Would a shift in trading in fixed-income markets—from over the counter (bilateral trading) to a centralized electronic platform—improve welfare? We use trade-level data on the secondary market for Government of Canada debt to answer this question.
- Boston College United States
- Government of Canada Canada
- European University Institute Italy
- Government of Canada Canada
- Stanford University United States
D40, ddc:330, L10, G20, G10, Market structure and pricing, D47, Financial institutions
D40, ddc:330, L10, G20, G10, Market structure and pricing, D47, Financial institutions
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