This article notes that dealers' bid/ask spreads should vary directly with their costs of adjusting to inventory imbalances. Thus, well-diversified dealers are expected to quote lower bid/ask spreads on stocks with substantial total risk caused by undiversifiable risk. Furthermore, the effect of sys
โฆ LIBER โฆ
Exchange rate risk and transactions costs: Evidence from bid-ask spreads
โ Scribed by Debra Glassman
- Book ID
- 116116435
- Publisher
- Elsevier Science
- Year
- 1987
- Tongue
- English
- Weight
- 837 KB
- Volume
- 6
- Category
- Article
- ISSN
- 0261-5606
No coin nor oath required. For personal study only.
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