2007 | Buch
Parimutuel Applications in Finance
New Markets for New Risks
verfasst von: Ken Baron, Jeffrey Lange
Verlag: Palgrave Macmillan UK
Buchreihe : Palgrave Macmillan Finance and Capital Markets Series
2007 | Buch
verfasst von: Ken Baron, Jeffrey Lange
Verlag: Palgrave Macmillan UK
Buchreihe : Palgrave Macmillan Finance and Capital Markets Series
Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.