Comparing Search and Intermediation Frictions across Markets

Intermediation in Us and EU Bond and Swap Markets: Stylised Facts, Trends and Impact of the Coronavirus (Covid-19) Crisis in March 2020

“…See Duffie (2011) for an overview and Duffie et al (2005Duffie et al ( , 2007 for key contributions on the theoretical framework. Pintér and Üslü (2022) offer a recent empirical investigation. 25 At the time of writing, these are Amherst Pierpont, BAML, the Bank of Nova Scotia, BNP Paribas, Barclays, the Bank of Montreal, Citigroup, Credit Suisse, Daiwa, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, J.P. Morgan, Mizuho, Morgan Stanley, Nomura, Royal Bank of Canada, Royal Bank of Scotland, Société Générale, Toronto Dominion, UBS and Wells Fargo.…”