Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "make/take fees"
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Identifying Cross-Sided Liquidity Externalities
(Working Papers;20/2012, Working paper, 2012)We study the relevance of the cross-sided externality of liquidity between market makers and takers from the two-sided market perspective and test the empirical implications of the Foucault, Kadan, and Kandel (2012) model. ...