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Vogler, 1997 - Google Patents

Risk allocation and inter-dealer trading

Vogler, 1997

Document ID
7915112902601596365
Author
Vogler K
Publication year
Publication venue
European Economic Review

External Links

Snippet

This paper contrasts an auction and a dealership market. In the latter, parallel to the public market, market makers are allowed to trade with each other in a separate inter-dealer market. Since market makers are assumed to be risk averse, variations in asset holdings …
Continue reading at www.sciencedirect.com (other versions)

Classifications

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