Intermediation Networks and Derivative Market Liquidity: Evidence from CDS Markets

Mark Paddrik and Stathis Tompaidis

No 24-01, Working Papers from Office of Financial Research, US Department of the Treasury

Abstract: A model and empirical tests show that the density of the intermediation network impacts dealer-provided liquidity and affects the cost of trade differentially (Working Paper no. 24-01).

Keywords: credit default swaps; dealers; intermediation costs; liquidity; OTC trading networks (search for similar items in EconPapers)
Date: 2024-01-24
New Economics Papers: this item is included in nep-mst and nep-net
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