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2006 MTS Conference on Financial Markets

Research Papers

Return to 2006 MTS Conference on Financial Markets

The following research papers were discussed at the third annual MTS Conference on Financial Markets. To view the paper, please click on the document.
These papers are protected by copyright and other intellectual property laws. All rights are reserved by their respective authors.

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Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market
Authors: Alessandro BEBER, HEC, University of Lausanne Michael BRANDT, Duke University, and Ken KAVAJECZ, University of Wisconsin

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Degrees of Specialness: An Empirical Analysis of the Italian BTP Repo Market
Authors: Frank SKINNER, University of Surrey and Alfonso DUFOUR, ICMA, Reading

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The Price Impact of Sovereign Bonds
Authors: Kathy YUAN, University of Michigan and Robert F. DITTMAR, University of Michigan

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Discrete Bids and Empirical Inference in Divisible Good Auctions
Author: Jakub KASTL, Northwestern University

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Auctioning Financial Assets; Discriminatory vs. Uniform, which Method is preferred?
Authors: Orly SADE, Hebrew University, Menachem BRENNER, New York University and Dan GALAI, Hebrew University

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Corporate Bonds: A Spare Tire in Emerging Markets?
Authors: Todd GORMLEY, MIT, JOHNSON, MIT, NBER and CEPR and Changyong RHEE, Seoul National University/p>

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Portfolio Choice: The Hedging Role of Corporate Bonds
Author: Antonio SANGVINATSOS, University of Southern California

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Liquidity & Price Discovery in the European Corporate Bond Market
Authors: Bruno BIAIS, IDEI, Université de Toulouse and Fany DE CLERCK, IDEI – Université de Toulouse