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...
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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