We develop a search-theoretic model of a dealer-intermediated over-the-counter market.
Our key departure from the literature is to assume that, when a customer meets a dealer, the …

This dissertation consists of three essays on financial intermediation and international
economics. In the first two essays, I study how new regulations and technologies affect …

Stringent financial regulations and advancing trading technologies have reshaped over-the-
counter intermediation, discouraging dealers from providing immediacy to customers using …