Trading Costs in Three U.S. Bond Markets
By Sugato Chakravarty, Asani Sarkar. 2003
135 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/999431df0003af1a648d64d3ade032923b021380
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Finance
- Amy K. Edwards
- Lawrence E. Harris
- Michael S. Piwowar
- Zhiguo He
- Marti G. Subrahmanyam
- R. Jankowitsch
- Konstantin W. Milbradt
- William F. Maxwell
Citations in the corpus
- Corporate Bond Market Transaction Costs and Transparency (2007, background): “First, our findings are based upon a more comprehensive data set than the related literature.”
- Dealer balance sheets and bond liquidity provision (2016, unknown): “The effective bid-ask is the difference between the dollar weighted average price of the buy trades and the dollar weighted average price of the sell trades (see Hong and Warga (2000) and Chakravarty and Sarkar (2003)):”
- The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market $ (2008, unknown): “24 actively traded (Nunn et al., 1986; Sarig and Warga, 1989; Alexander et al., 2000; Hong and Warga, 2000; Chakravarty and Sarkar, 2003).”
- The Same Bond at Different Prices: Identifying Search Frictions and Selling Pressures (2012, unknown): “Average transaction cost is 59 cents, and panel A shows decreasing transaction costs as a function of trade size as documented in several papers (Schultz (2001), Chakravarty and Sarkar (2003), and Edwards, Harris, and Piwowar (2007)).”
- Measuring Liquidity in Bond Markets (2016, unknown): “This measure is used by Hong and Warga (2000) and Chakravarty and Sarkar (2003). In contrast to the first two measures, it can only be computed for days when there are both buy and sell trades.”
- Corporate Bond Market Transparency and Transaction Costs (2004, unknown): “4 million (Chakravarty and Sarkar, 2003) but we now know from the TRACE data that typical trade sizes in corporate bonds are actually around $30,000.”
- Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds (2006, unknown): “, Chakravarty and Sarkar (2003), Hong and Warga (2000), and Goldstein et al.”