A Structural Model of Liquidity in Over‑The‑Counter Markets

Intermediation in Us and EU Bond and Swap Markets: Stylised Facts, Trends and Impact of the Coronavirus (Covid-19) Crisis in March 2020

“…For European corporate bonds, there is relatively limited empirical analysis available due to the lack of long time series 33 of fully identified transaction data. One of the few recent and comprehensive studies investigates the UK corporate bond market (Coen and Coen, 2022). This supports many of the stylised facts listed above for US instruments.…”