Parimutuel Applications in Finance: New Markets for New Risks

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

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Bibliographic Details
Main Authors: Baron, Ken (Author), Lange, Jeffrey (Author)
Format: Electronic eBook
Language:English
Published: London Palgrave Macmillan UK 2007
Subjects:
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Volltext
Summary: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
Physical Description:1 Online-Ressource (XXVII, 278 Seiten)
ISBN:9780230627505
DOI:10.1057/9780230627505

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