This paper explores the dynamic effects of counterparty risk on stock liquidity using data on
unsecured creditors after a debtor has declared bankruptcy. Through matched pair fixed …

Is liquidity better when a trade counterparty's brokerage firm is unknown (anonymous) or
known (transparent)? We examine a quasinatural experiment where some firms switched …

We study the impact of post-trade disclosure of broker IDs on market efficiency, trading
volume and bid-ask spreads in a unique South Korean experiment. We find that simply …

Limit order books (LOBs) have been widely adopted as a trading mechanism in global
securities markets, and the degree of LOB transparency is one of the most studied topics in …

This study aims to determine the effect of the implementation of Anonymity Broker ID on the
quality of the stock market on the Indonesia Stock Exchange (IDX). The application of …

Until recently, research on the effect of monetary policy on term structure of interest rates
relies on daily data with a key assumption that monetary policy announcement is the unique …

O'Hara (1995) defines market transparency as “the ability of market participants to observe
information about the trading process”. It entails pre-trade transparency (ie display of order …