This study presents a continuous-time macro-finance model with Knightian uncertainty to
solve the full equilibrium dynamics of the economy and examine the impacts of Knightian …

We investigate the trading of corporate bonds (c-bonds) by an open limit order book (LOB)
mechanism. To do so, we use the case of the Tel Aviv Stock Exchange (TASE) as a …

Using a mix of newly assembled survey and secondary datasets on Africa, we examine
financial market development from the perspective of the microstructure of corporate bond …

Using a mix of survey and secondary datasets on Africa, we document that banks and non-
bank financial institutions account for more than 85 percent of corporate bonds issued in …

We study the impact of bond exchange listing in US publicly traded corporate bond markets.
We find that listed corporate bonds have lower estimated bid-ask spreads than unlisted …

In this essay, we investigate corporate bond trading in a fully pre-trade transparent market
environment using a unique data sample from the Swiss corporate bond market. Contrary to …

We examine the trading and quoting behavior of dealers in the corporate bond market, using
dealer quotation data from two major corporate bond ATSs. We find a clear pecking order of …

Abstract In late Mars 2020, Covid19 was declared to be a pandemic by the World Health Or
ganization. The following crisis negatively affected the overall economy and also the …

Decentralized trading networks, also called over-the-counter (OTC) markets 1, have always
co-existed alongside organized, centralized exchanges. The OTC markets constitute a …

We study the case of the Tel Aviv Stock Exchange, where corporate bonds (cbonds) are
traded in a limit order book in the same way as stocks. Contrary to the OTC market in the US …