NEGOTIATED BLOCK TRADE AND REBUILDING OF TRUST

2020 ◽  
Vol 61 (2) ◽  
pp. 901-939
Author(s):  
Pak Hung Au ◽  
Yuk‐Fai Fong ◽  
Jin Li
Keyword(s):  
Block Trade

Optimal slice of a block trade

2001 ◽  
Vol 3 (4) ◽  
pp. 33-51 ◽  
Author(s):  
Hizuru Konishi ◽  
Naoki Makimoto
Keyword(s):  
Block Trade

Block trade targets in China

2014 ◽  
Vol 25 ◽  
pp. 188-201 ◽  
Author(s):  
Liping Dong ◽  
Konari Uchida ◽  
Xiaohong Hou
Keyword(s):  
Block Trade

Block Trade Price Asymmetry and Changes in Depth: Evidence from the Australian Stock Exchange

2006 ◽  
Vol 41 (2) ◽  
pp. 247-271 ◽  
Author(s):  
Hamish D. Anderson ◽  
Sapphire Cooper ◽  
Andrew K. Prevost
Keyword(s):  
Stock Exchange ◽  
Block Trade

scholarly journals Economic Unions and the Gravity Model: Evidence from Eurasian Economic Union

2018 ◽  
Vol 8 (3) ◽  
pp. 90-98
Author(s):  
Robert Tumanyan
Keyword(s):  
Gravity Model ◽  
Trade Diversion ◽  
Minor Effect ◽  
Trade Creation ◽  
Customs Union ◽  
Eurasian Economic Union ◽  
Model Evidence ◽  
Economic Union ◽  
A Minor ◽  
Block Trade

The purpose of this study is to analyze trade creation and trade diversion effects in the Eurasian Economic Union (EEU), which is an evolution of regional trade agreements. The research will analyze intra-block trade flows and test trade creation and diversion in EEU determined by customs union agreements. Gravity model has been applied to annual bilateral export flows for EEU countries paired with a sample of 58 partner countries in the period of 2005-2016, using augmented gravity model with panel year fixed effect, this paper analyzes trade creation and diversion effects of EEU in general. The results are similar to other identical studies and suggest that EEU is mostly trade-diverting with a minor effect of trade creation.

Modelling non-linear behaviour of block price deviations when trades are executed outside the bid-ask quotes

2017 ◽  
Vol 44 (2) ◽  
pp. 206-213 ◽  
Author(s):  
Andros Gregoriou
Keyword(s):  
Stock Exchange ◽  
Smooth Transition ◽  
Content Type ◽  
Non Linear ◽  
Linear Behaviour ◽  
Trade Prices ◽  
Block Trade ◽  
Continuous Trading ◽  
Smooth Transition Autoregressive ◽  
Trade Market

Purpose The purpose of this paper is to test and model non-linearities in block price deviations when they are executed outside the bid-ask quotes. The author conducts an empirical analysis on 662,312 transactions that were traded outside the bid-ask quotes in 2014 on the London Stock Exchange. Design/methodology/approach The tests reject the linearity hypothesis and the paper shows that the exponential smooth transition autoregressive model is capable of capturing the non-linear behaviour of block price misalignments. Findings The findings imply that when the deviation of block prices from their quoted value is small (large), trading will occur slowly (rapidly) to restore equilibrium, suggesting that trading costs eliminate continuous trading and that the block trade market is efficient. Originality/value The purpose of this paper is to re-model block price deviations from the bid-ask quotes. The major contribution is that the paper presents new empirical evidence, which explicitly allows for the possibility that block price misalignments from the bid-ask quotes can be characterized by a non-linear mean reverting process. The author demonstrates that the presence of transaction costs induces non-linear adjustments of block trade prices.

Who Benefits in an Insider Negotiated Block Trade?

2012 ◽  
Vol 41 (3) ◽  
pp. 703-731 ◽  
Author(s):  
Saeyoung Chang ◽  
David Mayers
Keyword(s):  
Block Trade

scholarly journals The Effects of Political Institutions on the Extensive and Intensive Margins of Trade

2019 ◽  
Vol 73 (4) ◽  
pp. 755-792 ◽  
Author(s):  
In Song Kim ◽  
John Londregan ◽  
Marc Ratkovic
Keyword(s):  
Political Institutions ◽  
Extensive Margin ◽  
Intensive Margin ◽  
Interpersonal Contact ◽  
Extensive And Intensive Margins ◽  
Political Networks ◽  
Block Trade ◽  
Lasso Estimator ◽  
Trade Partners ◽  
Extensive Margin Of Trade

AbstractWe present a model of political networks that integrates both the choice of trade partners (the extensive margin) and trade volumes (the intensive margin). Our model predicts that regimes secure in their survival, including democracies as well as some consolidated authoritarian regimes, will trade more on the extensive margin than vulnerable autocracies, which will block trade in products that would expand interpersonal contact among their citizens. We apply a two-stage Bayesian LASSO estimator to detailed measures of institutional features and highly disaggregated product-level trade data encompassing 131 countries over a half century. Consistent with our model, we find that (a) political institutions matter for the extensive margin of trade but not for the intensive margin and (b) the effects of political institutions on the extensive margin of trade vary across products, falling most heavily on those goods that involve extensive interpersonal contact.

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