000000901 001__ 901
000000901 005__ 20250211155738.0
000000901 0247_ $$a10.34989/swp-2002-9$$2DOI
000000901 035__ $$a10.34989/swp-2002-9
000000901 041__ $$aeng
000000901 084__ $$aG Financial Economics$$03122
000000901 084__ $$aG1 General Financial Markets$$03126
000000901 084__ $$aG10 General$$03127
000000901 084__ $$aG15 International Financial Markets$$03131$$03132
000000901 084__ $$aG18 Government Policy and Regulation$$03134
000000901 245__ $$aThe Microstructure of Multiple-Dealer Equity and Government Securities Markets: How They Differ
000000901 260__ $$bBank of Canada
000000901 269__ $$a2002
000000901 300__ $$a1 online resource (vi, 32 pages)
000000901 336__ $$aText
000000901 347__ $$bPDF
000000901 520__ $$aAlthough dealership government and equity securities have, on the surface, similar market structures, the author demonstrates that some subtle differences exist between them that are likely to significantly affect the way market-makers trade, and as such have an impact on the liquidity that they provide. The author reviews some of the concepts recently introduced in the literature, examining multiple-dealer equity markets, and delineates gaps that exist in this literature in terms of its applicability to government securities markets.$$7Abstract
000000901 520__ $$aBien que les marchés de contrepartie relatifs aux actions et aux titres d'État aient en apparence des structures analogues, l'auteur démontre qu'il existe entre eux de subtiles différences, qui sont susceptibles d'influer de façon importante sur la façon dont les teneurs de marché opèrent et donc sur le degré de liquidité du marché. L'auteur passe en revue certains concepts qui sont apparus récemment dans la littérature portant sur les marchés d'actions à courtiers multiples et décrit les lacunes de celle-ci, notamment au chapitre de la modélisation de la structure des marchés de titres d'État.$$7Résumé
000000901 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0
000000901 6531_ $$aDebt Management
000000901 6531_ $$aFinancial markets
000000901 6531_ $$aMarket structure and pricing
000000901 6531_ $$aGestion de la dette
000000901 6531_ $$aMarchés financiers
000000901 6531_ $$aStructure de marché et établissement des prix
000000901 7001_ $$aGravelle, Toni
000000901 789__ $$w1192-5434$$2ISSN$$eIsPartOf
000000901 8301_ $$aStaff Working Paper
000000901 8301_ $$aDocument de travail du personnel
000000901 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/901/files/wp02-9.pdf$$92a9f29fb-bec0-497e-8e68-6021da2e620f$$s152330$$zFile Source: Bank of Canada website, 2024
000000901 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:901$$pbibliographic
000000901 980__ $$aStaff Research
000000901 980__ $$aRDM
000000901 991__ $$aPublic