The Bank for International Settlements

Bank for International Settlements

I. Conceptual studies of market liquidity Dupont, D " The effects of transaction costs on depth and spread " Gravelle, T " The market microstructure of dealership equity and government securities markets: how they differ " Muranaga, J and Shimizu, T " Market microstructure and market liquidity " Ui, T " Transparency and liquidity in securities markets " II. Empirical studies of market liquidity...

Bank for International Settlements – Annual Report

Asset prices have played a prominent role in the present business cycle, both in terms of the amplitude of their fluctuations and because of their impact on financial institutions and economic activity. Such medium-term swings are of course not new; the last similar episode took place in the early 1970s. What has drawn attention to the recent asset price movements is not only their absolute siz...

Basel Committee Secretariat Basel Committee on Banking Supervision Bank for International Settlements

Thank you very much for providing us the opportunity to comment on the most recent package of consultative papers proposing revisions to the Basel Capital Accord (the “Proposal”). Capital One Financial Corporation, Falls Church, Virginia (together, with all of its subsidiaries and affiliates, "Capital One") is a holding company whose principal subsidiaries, Capital One Bank, Glen Allen, Virgini...

International Settlements: A Time for Change

In the late 1970's, when competition was introduced in the United States, competitive forces pushed international telephone prices down. Lower prices resulted, inter alia, in an increase in international calls (and minutes) from the U.S. to countries whose prices were high relative to U.S. prices. This increase in minute volume in turn resulted in a significant increase in settlement payments o...

The International Bank for Reconstruction and Development / THE WORLD