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Trade and financial liberalization with asymmetric information in bank financing

✍ Scribed by Xu, Bin


Book ID
126515397
Publisher
Taylor and Francis Group
Year
2003
Weight
257 KB
Volume
6
Category
Article
ISSN
1384-1289

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## Abstract This study investigates information asymmetry in the foreign exchange market by testing the hypothesis that top trading banks possess superior information on the macroeconomy because they process greater order flow, which, according to the micro‐structure literature, helps them aggregat