Hostname: page-component-6bb9c88b65-k72x6 Total loading time: 0 Render date: 2025-07-24T08:30:27.240Z Has data issue: false hasContentIssue false
  • English
  • Français

Recent Developments of Interdealer Brokerage in the Japanese Secondary Bond Markets

Published online by Cambridge University Press:  06 April 2009

Junko Maru  and
Toshiharu Takahashi
Get access Rights & Permissions [Opens in a new window]

Extract

The large volume of government bonds issued since 1975 has been a strong driving force for structural change in the Japanese bond markets during the last decade. The increasing amount of outstanding government bonds has made the trading volume in the secondary market increase rapidly, accompanied with the development of interdealer trading.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 20 , Issue 2 , June 1985 , pp. 193 - 210
Copyright
Copyright © School of Business Administration, University of Washington 1985

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

[1]Garbade, K. “The Effects of Interdealer Brokerage on the Transactional Characteristics of Dealer Markets.” Journal of Business, Vol. 51 (07 1978), pp. 447–498.Google Scholar
[2]Garbade, K.. Securities Markets. New York: MacGraw-Hill Inc. (1982).Google Scholar
[3]Garbade, K., and Silber, W. L.. “Structural Organization of Secondary Markets: Clearing Frequency, Dealer Activity and Liquidity Risk.” Journal of Finance, Vol. 34 (06 1979), pp. 577–593.CrossRefGoogle Scholar
[4]Ho, T. S. Y., and Stoll, H. R.. “On Dealer Markets under Competition.” Journal of Finance, Vol. 35 (05 1980), pp. 259–266.Google Scholar
[5]Garbade, K.. “The Dynamics of Dealer Markets under Competition.” Journal of Finance, Vol. 38 (09 1983), pp. 1053–1074.Google Scholar