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Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
16 references·4 citing·44 second hop
Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery (2016)Trading Dynamics with Adverse Selection a…The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases * (2024)The Financial Market Effects …The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases (2012)The Financial Market Effects …Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning (2012)Overcoming Adverse Selection:…Securitized banking and the run on repo (2011)Securitized banking and the r…Adverse Selection in Competitive Search Equilibrium (2010)Adverse Selection in Competit…Liquidity in Asset Markets With Search Frictions (2009)Liquidity in Asset Markets Wi…Leaning Against the Wind (2007)Leaning Against the WindValuation in Over-the-Counter Markets (2006)Valuation in Over-the-Counter…Transparency and Liquidity: A Controlled Experiment on Corporate Bonds (2006)Transparency and Liquidity: A…Over-the-Counter Markets (2004)Over-the-Counter MarketsEndogenous Liquidity in Asset Markets (2004)Endogenous Liquidity in Asset…Insider Trading, Liquidity, and the Role of the Monopolist Specialist (1989)Insider Trading, Liquidity, a…The Allocation of Credit and Financial Collapse (1986)The Allocation of Credit and …Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…A Model of Systemic Bank Runs (2023)A Model of Systemic Bank RunsAn Information-based Theory of Financial Intermediation (2021)An Information-based Theory o…The search theory of OTC markets (2020)The search theory of OTC mark…Information about sellers' past behavior in the market for lemons (2017)Information about sellers' pa…Perfect Equilibrium in a Bargaining Model (1982)A Course in Game Theory (1994)Asset prices and liquidity in an exchange economy (2010)Dynamic Adverse Selection: A Theory of Illiquidity, Fire Sales, and Flight to Quality (2014)Liquidity: A New Monetarist Perspective (2017)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems (1993)The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment (2011)Bond Supply and Excess Bond Returns (2014)Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates (2014)Measuring the effects of federal reserve forward guidance and asset purchases on financial markets (2020)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)Trades, quotes, inventories, and information (1988)The Summary Informativeness of Stock Trades: An Econometric Analysis (1991)Liquidity Provision with Limit Orders and a Strategic Specialist (1997)The Bargaining Problem (1950)Liquidity and Asset Prices (2006)Corporate bond liquidity before and after the onset of the subprime crisis (2011)The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response (2013)PORTFOLIO SELECTION* (1952)A General Equilibrium Approach To Monetary Theory (1969)The Response of Interest Rates to US and UK Quantitative Easing (2012)Four Stories of Quantitative Easing (2013)On the International Spillovers of US Quantitative Easing (2016)Minimum Price Variations, Discrete Bid–Ask Spreads, and Quotation Sizes (1994)Corporate Bond Market Transaction Costs and Transparency (2007)Corporate Yield Spreads and Bond Liquidity (2007)Liquidity Biases in TRACE (2009)The Same Bond at Different Prices: Identifying Search Frictions and Selling Pressures (2010)Capital Commitment and Illiquidity in Corporate Bonds (2018)The Determinants of Credit Spread Changes (2001)Market Liquidity and Funding Liquidity (2008)Bank lending during the financial crisis of 2008 (2009)How does capital affect bank performance during financial crises? (2013)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Cross-Border Banking and Global Liquidity (2014)Noise Trader Risk in Financial Markets (1990)The Evolution of Cooperation (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)
this work references cited by second hop

References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 2011Securitized banking and the run on repo1,708 cited
  • 2004Over-the-Counter Markets1,199 cited
  • 2012The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases704 cited
  • 1989Insider Trading, Liquidity, and the Role of the Monopolist Specialist517 cited
  • 2006Transparency and Liquidity: A Controlled Experiment on Corporate Bonds472 cited
  • 2009Liquidity in Asset Markets With Search Frictions397 cited
  • 2024The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases *377 cited
  • 2004Endogenous Liquidity in Asset Markets374 cited
  • 2006Valuation in Over-the-Counter Markets338 cited
  • 1986The Allocation of Credit and Financial Collapse329 cited
  • 2007Leaning Against the Wind284 cited
  • 2010Adverse Selection in Competitive Search Equilibrium267 cited
  • 2012

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Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning
265 cited

Cited by

  • 2017Information about sellers' past behavior in the market for lemons47 cited
  • 2020The search theory of OTC markets26 cited
  • 2021An Information-based Theory of Financial Intermediation25 cited
  • 2023A Model of Systemic Bank Runs24 cited