Financial intermediation and the role of price discrimination in a two-tier market /

Though unambiguously outperforming all other financial markets in terms of liquidity, foreign exchange trading is still performed in opaque and decentralized markets. In particular, the two-tier market structure consisting of a customer segment and an interdealer segment to which only market makers...

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Bibliographic Details
Main Author: Reitz, Stefan
Other Authors: Schmidt, Markus A., Taylor, Mark P.
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2009
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 13/2009
Subjects:
Online Access:https://www.econstor.eu/bitstream/10419/27667/1/200913dkp.pdf

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