Directed search in over-the-counter markets crises
I study optimal liquidity provision by dealers in Over-the-Counter (OTC) markets during crises. I develop a two-sided asset market in which all trades are intermediated by dealers. I model a crisis as an aggregate shock that reduces investor's marginal utilities, creating a large but temporary...
- Autores:
-
Franco Tabares, Santiago
- Tipo de recurso:
- Trabajo de grado de pregrado
- Fecha de publicación:
- 2017
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/61285
- Acceso en línea:
- http://hdl.handle.net/1992/61285
- Palabra clave:
- Mercados extrabursátiles
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/