Markets: Transparency and the corporate bond market

Bessembinder, H., & Maxwell, W. (2008). Markets: Transparency and the corporate bond market. Journal of Economic Perspectives, 22(2), 217-234.

Type

Journal article

Intellectual base

Primary research

Year

2008

Link

https://doi.org/10.1257/jep.22.2.217matched

Cited from

political_science

Cited by

1 citation across 1 artifact.

Primes

• Transparency
  • Reduces the information asymmetry that otherwise makes complex systems opaque to stakeholders, an effect Bessembinder and Maxwell (2008) document empirically when post-trade transparency rules (TRACE) narrowed bid-ask spreads and reduced trading costs in US corporate bond markets.

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