Institutional presence in secondary bank bond markets: how does it affect liquidity and volatility?

Mag 03 2019

Using newly available information on euro area sectoral holdings of securities, we investigates to what extent the presence of institutional investors affects volatility and liquidity in secondary bank bond markets…


https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2276~09300538fd.en.pdf

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