The Microstructure of European Bond Markets: Organization, Price Formation and Cost of Liquidity
Volker Flogel, "The Microstructure of European Bond Markets: Organization, Price Formation and Cost of Liquidity"
duv | 2006 | ISBN: 3835004239 | 142 pages | PDF | 5,2 MB
duv | 2006 | ISBN: 3835004239 | 142 pages | PDF | 5,2 MB
The volumes outstanding in bond markets are by far larger than in equity markets. Despite this fact, research on the microstructure of financial markets is mainly focused on equity markets. Because of the differences between bond and equity markets, theoretical as well as empirical results from equity markets cannot be transferred to bond markets.
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