10: Dealers and Liquid Security Markets
Lec 10-1: FT: Asymmetric Credit Growth in Europe
Global Financial Stability Report
Diagram from Global Financial Stability Report
Lec 10-2: Market liquidity, dealers, and inventories
Lec 10-3: Two-sided dealer basics
Lec 10-4: Economics of the dealer function: the Treynor model
Lec 10-5: Leveraged dealer basics
Lec 10-6: Real world dealers
Lec 10-7: Arbitrage and the assumption of perfect liquidity