An opening of Cuba to US tourism would represent a seismic shift in the Caribbean's tourism
industry. This study models the impact of such a potential opening by estimating a …

This article has two aims. First, I revisit Khemiri and I find support to Lyons seminal dealer
level specification with a still richer picture of the conditional volatility dynamics. For this …

Market makers learn about asset values as they set intraday prices and absorb portfolio
flows. Absorbing these flows causes inventory imbalances. Previous work has argued that …

This thesis should appeal to several audiences. The literature reviews and empirical
examinations will aid economists and academic researchers in navigating the literature and …

This file provides a bibliography of the literature on the Microstructure of Foreign Exchange
Markets. It includes clickable url-or doi-links 1 to most of the published papers, and even to …

Dealers learn about asset values as they set prices and absorb informed order flow. These
flows cause inventory imbalances. This study models price setting in markets such as …

Motivated by the disconnection between dealer-level (DL) and market-level (ML) models,
and the inadequacy of theoretical macro models in explaining the behaviour of the …