毕业论文外文资翻译 王艳.docVIP

毕业论文外文资料翻译 题 目 基于券商的视角 学 院 专 业 班 级 学 生 学 号 指导教师 二〇一三年月日 Woolridge Abstract In financial markets, professional traders leverage their trades because it allows to trade larger positions with less margin. Violating margin requirements, however, triggers a margin call and open positions are automatically covered until requirements are met again. What impact does margin trading have on the price process and on liquidity in financial asset markets? Since empirical evidence is mixed, we consider this question using experimental asset markets. Starting from an empirically relevant