conclusions participants’ experience highlighted the necessity of awareness about adverse side effects of otc drug use; such awareness can be achieved through various methods such as information dissemination and proper culture of drug use promoted by healthcare professionals to resolve the mentioned issues and improve, consolidate, and promote society’s level of knowledge and health. methods t...

This study explores the role of issuance expenses in explaining the fall in stock value for OTC stock offerings that raise cash for debt reduction purposes. It estimates that over half of the sample's −2.79% two-day fall in stock value can be accounted for by issuance expenses when using a lower bound measure of issuance expenses. This estimate contrasts with the one-fifth estimate suggested by...

Entrepreneurs need cash to finance their investments. Since cash is costly to hold, entrepreneurs underinvest. If entrepreneurs are able to access secondary financial markets, then they can sell some of their less liquid assets for cash and invest at a higher level. When the secondary financial markets are over-the-counter (OTC), the amount of liquidity (cash) that is in the market affects asse...

——————————————————————————————————— We develop a model where agents can allocate their wealth between a liquid asset, which can be used to purchase consumption goods, and an illiquid asset, which represents a better store of value. Should a consumption opportunity arise, agents may visit a frictional “over-the-counter” secondary asset market where they can exchange illiquid for liquid assets. W...

There is considerable heterogeneity in the development of derivatives markets in different countries. The question is: why? This paper addresses this question in the context of major derivatives markets in Latin America. The largest derivatives exchanges in Latin America are located in Argentina, Brazil, and Mexico. In addition, over-the-counter (OTC) markets exist in Chile and Peru. Excluding ...

This paper develops a continuous-time model of the public and private provision of liquidity and its relation to unemployment. We extend the Mortensen-Pissarides model of the labor market by adding an over-the-counter (OTC) market where trades are collateralized with claims on …rms’pro…ts and public liabilities backed by taxes. As a result, the real interest rate is endogenous and depends on th...

urveillance of over-the-counter (OTC) pharmaceutical sales may someday be used to give public health offi cials an early warning about developing public health conditions. To acquire confi dence in this surveillance, it is necessary to establish fi rmly that OTC sales may be used to predict changes in clinical conditions with a useful time lead. This article reports the magnitude of correlation...