The financial metaverse: tokens, derivatives and other synthetic assets
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cham
Palgrave Macmillan
[2024]
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | xxi, 263 Seiten Illustrationen, Diagramme |
ISBN: | 9783031539145 |
Internformat
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Contents 1 Financial Metaverse:Trading Tokens, Derivatives and Other Digital Twins Bibliography 2 Market Finance 1 Batesian Mimicry and Other Risk Management Techniques Financial Markets as a Risk Management Technique 2 Two Main Risk Management Frameworks Information Asymmetry 3 Pyramidal Markets Levels of Abstraction 4 The Financial Metaverse Mixed Reality 5 Synthetic Assets Nature of the Relationship Between a Synthetic Asset and its Underlying 6 Convergence Arbitrage Disorderly Synthetic Markets Physical ETFs 7 Basis Risk Tracking Error Basis 1 13 15 15 16 18 21 22 23 25 28 29 32 34 34 36 37 38 39 40 χί
Contents xii A Global Network of Anchors The Financial Metaverse as a Monetary Anchor Transcending National Boundaries 9 Financial Benchmarks 10 The Financial Metaverse as a Metalanguage 11 The Impact of Synthetic Assets on the CashMarket Speculators Amplification or Moderation of Volatility Crowding out Versus Liquidity Spillover Effect Empirical Studies Event-driven Studies Chronological Analysis 12 Synthetic Assets Dominate Satellite Cash Markets Synthetic Assets Tend to be the most Efficient Way to Manage Price Risk The Levers of Interaction Between the Cash Market and the Synthetic Market 13 The Financial Metaverse as a Convention Bibliography 41 42 43 44 46 49 50 51 53 54 55 56 56 Synthetic Assets Play a Standardisation Role 1 Standard for Coordination Standardisation in Financial Markets Fungibility 2 Standardisation of Asset Specifications Variability in Financial Assets 3 Abstract Markets Suppressing Information and Transaction Costs Synthetic Assets Play a Standardisation Role 4 Gulliver’s Travels 5 The Quest for a Core Carbon Credit Contract Can the Quality of an Offset Credits be Objectively Determined? Defining Additionality Offset Credits as Bundles of Contractual Rights Vintage (the Year the Actual Emission Reduction Took Place) Contract Settlement Creating a Benchmark An Auction Delivery? 6 A (Ridiculously) Short Classification of Sovereign Debt 63 63 64 66 68 70 71 73 75 76 78 8 3 56 58 58 60 80 81 83 84 85 86 88 89
Contents 4 5 xiii 7 The Unbearable Lightness of Financial Categories Quality Uncertainty 8 Contract Standardisation New Standardisation Frontiers Bibliography 95 96 100 103 104 The Economics of Financial Infrastructure 1 The Economics of Financial Infrastructure 2 Path Dependant Benchmarks More Fundamental Issues With Benchmarks Path Dependency Benchmark Fragmentation 3 Impact of the COVID-19 Pandemic on the Fungibility of Gold Compatibility Between the Physical and Futures Markets The Derivative Fungibility of Gold “The Day the Exchange For Physical (EFP) Broke” Restoring Product Compatibility Interpretation of the EFP Premium Inefficient Product Segmentation? Conclusion 4 The War Scars of the Credit Derivative Documentation Conclusion 5 Why History Matters? Gold Specifications Brent Specifications Historicity of Pricing Models Bibliography 107 107 110 111 112 115 116 117 118 120 122 123 125 126 127 137 138 139 140 141 142 The Motivations of Synthetic Assets 1 The Motivations of Synthetic Assets 2 Benchmarks Should Be Based on Prices 3 The VDNKh 4 Mutability 5 Successions Programmed Succession Orphan Synthetic Assets 6 What Is the Price of Crude Oil? Can There Be Two Prices of Oil? “Banging the close” 7 Mutations in the Price of Oil 145 145 146 147 150 152 154 156 158 159 161 165
Contents xiv Passive Investing andIndex Replication Tracking Error Sunshine Trading Strategy Index Distortion Synthetic ETFs 9 Realisation Cash Settlement The Duality of Physical Delivery with an Option to Early Settle by Offset 10 The Life of Ni Metal Lifecycle 11 Dealing with the Corporate Soap Opera 12 Counterparty Credit Risk Russian Banks Close-Out Following the Imposition of International Sanctions Bibliography 171 171 173 174 175 176 178 Convention for Valuation 1 Quantifying Synthetic Assets 2 The Philosophy of Financial Modelling 3 Financial Singularity 4 Resonance 5 Cyborg Market 6 Model or Prophecy? 7 Performativity 8 What Drives Marketplace Acceptance of Pricing Models? 9 Wandering in Interest Rates Modelling Metallist Approach Institutional Approach 10 CreditGrades Metallist Approach Practical Financial Engineering Aspects Institutional Approach 11 Metalist Versus Institutional Bibliography 199 199 200 203 205 210 213 219 222 225 228 229 230 231 231 232 233 237 8 6 181 183 185 190 194 196 197 Conclusion 239 Glossary 251 Index 257 |
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author | Spinner, Albin |
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dewey-search | 3,320,415 |
dewey-sort | 13 3320 3415 |
dewey-tens | 000 - Computer science, information, general works |
discipline | Wirtschaftswissenschaften |
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illustrated | Illustrated |
indexdate | 2024-12-06T13:07:16Z |
institution | BVB |
isbn | 9783031539145 |
language | English |
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physical | xxi, 263 Seiten Illustrationen, Diagramme |
publishDate | 2024 |
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publisher | Palgrave Macmillan |
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spelling | Spinner, Albin Verfasser aut The financial metaverse tokens, derivatives and other synthetic assets Albin Spinner Cham Palgrave Macmillan [2024] ©2024 xxi, 263 Seiten Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Capital Markets Risk Management Capital market Financial risk management Erscheint auch als Online-Ausgabe 978-3-031-53915-2 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=035142831&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Spinner, Albin The financial metaverse tokens, derivatives and other synthetic assets Capital Markets Risk Management Capital market Financial risk management |
title | The financial metaverse tokens, derivatives and other synthetic assets |
title_auth | The financial metaverse tokens, derivatives and other synthetic assets |
title_exact_search | The financial metaverse tokens, derivatives and other synthetic assets |
title_full | The financial metaverse tokens, derivatives and other synthetic assets Albin Spinner |
title_fullStr | The financial metaverse tokens, derivatives and other synthetic assets Albin Spinner |
title_full_unstemmed | The financial metaverse tokens, derivatives and other synthetic assets Albin Spinner |
title_short | The financial metaverse |
title_sort | the financial metaverse tokens derivatives and other synthetic assets |
title_sub | tokens, derivatives and other synthetic assets |
topic | Capital Markets Risk Management Capital market Financial risk management |
topic_facet | Capital Markets Risk Management Capital market Financial risk management |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=035142831&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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