Bid Ask Spreads and Market Microstructure: Are narrow spreads always feasible? Very Preliminary Draft
نویسنده
چکیده
This paper describes a simple example of an institution that can maintain narrow bid ask spreads even in a market for a security where an uninformed specialist frequently trades with investors who have private information about the security’s value.
منابع مشابه
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تاریخ انتشار 2005