Valuation in Over-the-Counter Markets

599 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Price Dispersion in OTC Markets: A New Measure of Liquidity (2011, background): “(1985), and Easley and O’Hara (1987), as well as many others who followed, introduce the concept of informed traders versus liquidity traders and interpret bid-ask spreads as the compensation for adverse selection. Huang and Stoll (1997) provide a simple model combining these different effects, and ”
Marking to Market: Panacea or Pandora's Box? (2008, unknown): “This price impact of loan sales captures 5See Duffie, Garleanu, and Pedersen (2005, 2007) for elegant OTC asset pricing models.”
Financial Expertise as an Arms Race (2012, unknown): “Financial Expertise as an Arms Race 1727 over-the-counter trading have been proposed in the literature, such as Duffie, Garleanu, and Pedersen (2005, 2007).”
Liquidity and asset-market dynamics (2010, background): “One version of this view is the claim that nance has something to learn from monetary theory, which is suggested (to us) by Kiyotaki and Moore (2005), Du¢ e et al. (2005,2008), and many of the other papers surveyed in Nosal and Rocheteau (2010) or Williamson and Wright (2010).”