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Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets
Darrell Duffie (Ed.)
€ 52.38
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Description for Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets
Hardback. Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. This title introduces OTC markets by explaining key conceptual issues and modeling techniques, and by providing readers with a foundation for advanced subjects in this field. Series: Princeton Lectures in Finance S. Num Pages: 128 pages, 5 line illus. 5 tables. BIC Classification: KFFM. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 240 x 168 x 14. Weight in Grams: 328.
Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. Rather than being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between market participants who may be unaware of prices that are currently available elsewhere in the market. In these relatively opaque markets, investors can be in the dark about the most attractive available terms and who might be offering them. This opaqueness exacerbated the financial crisis, as regulators and market participants were unable to quickly assess the risks and pricing of these ... Read more
Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a significant role in the global financial crisis. Rather than being traded through a centralized institution such as a stock exchange, OTC trades are negotiated privately between market participants who may be unaware of prices that are currently available elsewhere in the market. In these relatively opaque markets, investors can be in the dark about the most attractive available terms and who might be offering them. This opaqueness exacerbated the financial crisis, as regulators and market participants were unable to quickly assess the risks and pricing of these ... Read more
Product Details
Format
Hardback
Publication date
2012
Publisher
Princeton University Press United States
Number of pages
128
Condition
New
Series
Princeton Lectures in Finance S.
Number of Pages
128
Place of Publication
New Jersey, United States
ISBN
9780691138961
SKU
V9780691138961
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Darrell Duffie (Ed.)
Darrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business. His books include "How Big Banks Fail and What to Do about It" and "Dynamic Asset Pricing Theory" (both Princeton).
Reviews for Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets
"Extremely informative and revealing, the book leads readers to a world of dark corners of the financial market. Those who dabble in the market should definitely read it for understanding the pitfalls and those who don't must read it for the satisfaction of knowing what they have not missed. Either way it is a valuable read."
R. Balashankar, Organiser "Dark Markets ... Read more
R. Balashankar, Organiser "Dark Markets ... Read more