Banning short sales and market quality: The UK’s experience

► We study the effects of the UK’s short sales ban of 2008/2009 for financials. ► The ban did not affect order flows but volume and liquidity were much reduced. ► The deterioration affected both sides of the order book equally. ► The ban made markets for financials less efficient and trades less inf...

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Veröffentlicht in:Journal of banking & finance 2012-07, Vol.36 (7), p.1975-1986
Hauptverfasser: Marsh, Ian W., Payne, Richard
Format: Artikel
Sprache:eng
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