Parimutuel applications in finance: new markets for new risks
Auteur :
Baron, Ken / Lange, Jeffrey
Éditeur :
Palgrave Macmillan
ISBN :
9781349520008
Date de publication :
1 janv. 2007
Dimensions :
22,9 x 15,2 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.