disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the … superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade … externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces …

provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …We use a unique data set from the Trade Reporting and Compliance Engine (TRACE) to study liquidity e ffects in the US … structured product market. Our main contribution is the analysis of the relation between the accuracy in measuring liquidity and …

informed. The same cannot be said about outside investors relying primarily on public disclosure. A descriptive analysis of the …

informed. The same cannot be said about outside investors relying primarily on public disclosure. A descriptive analysis of the …

transparency relating to effective risk transfer, risk-related management compensation, and credible measurement of rating …

We report evidence that the presence of hidden liquidity is associated with greater liquidity in the order books …, greater trading volume, and smaller price impact. Limit and market order submission behavior changes when hidden liquidity is … present consistent with at least some traders being able to detect hidden liquidity. We estimate a model of liquidity …

' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …

For some time now the buzzword 'transparency' has been bandied about in the media almost daily. For example, calls were … made for greater transparency in the financial system in connection with developments in the Asian financial markets. But … the call for greater transparency goes far beyond the financial markets. It is now regarded as a necessary part of good …

I investigate the effect of transparency on the borrowing costs of Emerging Markets Economies. Transparency is measured …