Brazilian working paper looks at adverse selection cost in stocks

centralbank-brazil

New Central Bank of Brazil working paper studies the adverse selection cost component of the spread of Brazilian stocks. Gustavo Silva Araújo, Claudio Henrique da Silveira Barbedo and José Valentim Machado Vicente, authored the paper.

The study analyses the adverse selection cost component embedded in the
spreads of Brazilian stocks and shows that it is higher than in the US
market. The study also finds the adverse selection cost component displays an intraday U-shape pattern, meaning it is higher

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: