{"id":242,"date":"2019-01-15T15:53:45","date_gmt":"2019-01-15T20:53:45","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=242"},"modified":"2019-01-17T15:38:38","modified_gmt":"2019-01-17T20:38:38","slug":"10-dealers-and-liquid-security-markets","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-1\/10-dealers-and-liquid-security-markets\/","title":{"rendered":"10:  Dealers and Liquid Security Markets"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-10-Dealers-and-Liquid-Security-Markets.pdf\" target=\"_blank\" rel=\"noopener\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 10-1: FT: Asymmetric Credit Growth in Europe<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/readings\/IMF%20warns%20eurozone%20on%20capital%20flight%20-%20FT.pdf\">FT article link<\/a><\/p>\n<p><a href=\"http:\/\/www.elibrary.imf.org\/view\/IMF082\/12744-9781616353902\/12744-9781616353902\/12744-9781616353902.xml\"><span style=\"font-weight: 400;\">Global Financial Stability Report<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/readings\/Diagram.pdf\"><span style=\"font-weight: 400;\">Diagram from Global Financial Stability Report<\/span><\/a><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/CSIsOeWMGpc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 10-2: Market liquidity, dealers, and inventories<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/d1VOy-cACgQ\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 10-3: Two-sided dealer basics<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/uS-upCmbYzc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 10-4: Economics of the dealer function: the Treynor model<\/p>\n<p><a href=\"http:\/\/books.google.com\/books\/about\/Trading_and_Exchanges.html?id=Rd9hDRR1Yx4C\"><span style=\"font-weight: 400;\">Harris, Trading and Exchanges<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/Treynor%20Model%20Tutorial.mp4\"><span style=\"font-weight: 400;\">Treynor Model Tutorial<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/Treynor%20Model%20Tutorial.mp4\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/GHK79gTisSo\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 10-5: Leveraged dealer basics<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/YshcXyGeszE\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 10-6: Real world dealers<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/vesU2BtPgsg\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 10-7: Arbitrage and the assumption of perfect liquidity<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/readings\/Noise.pdf\"><span style=\"font-weight: 400;\">Fischer Black, &#8220;Noise&#8221;<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money\/readings\/Noise.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/aWvi6L5-xtA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 10-1: FT: Asymmetric Credit Growth in Europe FT article link 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 Harris, Trading and Exchanges Treynor Model Tutorial Lec 10-5: Leveraged [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":223,"menu_order":10,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/242"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=242"}],"version-history":[{"count":3,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/242\/revisions"}],"predecessor-version":[{"id":405,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/242\/revisions\/405"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/223"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}