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Liquidity in the Cross Section of OTC Assets

Guner Velioglu, Semih Uslu   Feb 06,2024

Working Paper No.00138-00

We develop a dynamic model of a multi-asset over-the-counter (OTC) market that operates via search and bargaining and empirically test... Read More

A Theory of Participation in OTC and Centralized Markets

Jerome Dugast, Pierre-Olivier Weill , Semih Uslu   Sep 29,2021

Working Paper No.00052-02

Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we study a... Read More

Published: Review of Economic Studies, 2022, 89(6), 3223-3266

Asset Dissemination through Dealer Markets

Gabrielle Demange, Jean-Edouard Colliard   Oct 08,2020

Working Paper No.00064-00

In over-the-counter markets for assets such as bonds or securitizations, large volumes can be split into smaller pieces and gradually... Read More

Commodity Financialization and Information Transmission

Itay Goldstein , Liyan Yang   Jul 06,2018

Working Paper No.00035-00

We study how commodity financialization affects information transmission and aggre- gation in a commodity futures market. The trading of... Read More