Price movements and price discovery in futures and cash markets

KD Garbade, WL Silber - The Review of Economics and Statistics, 1983 - JSTOR
R ISK transfer and price discovery are two of the major contributions of futures markets to
the organization of economic activity (Working (1962), Evans (1978, p. 80), and Silber (1981)). …

Structural organization of secondary markets: Clearing frequency, dealer activity and liquidity risk

KD Garbade, WL Silber - The Journal of Finance, 1979 - JSTOR
In this paper we show that the two aspects of liquidity just noted, the number of market
participants and equilibrium price volatility, are important determinants of the structural …

Technology, communication and the performance of financial markets: 1840–1975

RA Kavesh, KD Garbade, WL Silber - The Journal of Finance, 1978 - Wiley Online Library
MOST THEORETICAL and empirical investigations of the behavior of securities prices implicitly
assume that the price at which an asset trades at any moment of time is determined by a …

Dominant and satellite markets: a study of dually-traded securities

KD Garbade, WL Silber - The review of Economics and Statistics, 1979 - JSTOR
This paper presents an analysis of the short-run be-havior of prices on identical assets
trading in different market centers. Based on a taxonomic classification, such price behavior is …

Treasury debt management under the rubric of regular and predictable issuance: 1983-2012

KD Garbade - Monograph, 2015 - ideas.repec.org
This monograph is a program management history of regular and predictable issuance from
1983 to 2012. The present study examines how Treasury officials managed this relatively …

[BOOK][B] After the accord: a history of federal reserve open market operations, the US government securities market, and treasury debt management from 1951 to 1979

KD Garbade - 2021 - books.google.com
… In this book, Kenneth Garbade, a former … to Garbade’s earlier studies of Treasury debt
operations during World War I, the 1920s, and the Great Depression and since 1983. Kenneth D. …

Price dispersion in the government securities market

KD Garbade, WL Silber - Journal of Political Economy, 1976 - journals.uchicago.edu
This paper investigates the characteristics of price dispersion in the US Treasury securities
market. After a theoretical treatment of why such dispersion exists, empirical evidence is …

[BOOK][B] Fixed income analytics

KD Garbade - 1996 - books.google.com
… "I am convinced that the ideal text for an introduction to fixed-income analytics has been
written... in a series of Bankers Trust working papers principally authored by Kenneth Garbade... […

[BOOK][B] Birth of a Market: The US Treasury Securities Market from the Great War to the Great Depression

KD Garbade - 2012 - books.google.com
… strategy (Garbade 2007), the origins of the Federal Reserve book-entry system (Garbade
2004b), and the evolution of repo contracting conventions in the 1980s (Garbade 2006). More …

Futures contracts on commodities with multiple varieties: An analysis of premiums and discounts

KD Garbade, WL Silber - Journal of Business, 1983 - JSTOR
In this paper we examine the structure of futures contracts on commodities with heterogeneous
varieties. The structure of premiums and discounts allowed on different grades of a …