| 書目名稱 | Design of Master Agreements for OTC Derivatives |
| 編輯 | Dietmar Franzen |
| 視頻video | http://file.papertrans.cn/269/268737/268737.mp4 |
| 叢書名稱 | Lecture Notes in Economics and Mathematical Systems |
| 圖書封面 |  |
| 描述 | I first came across the issue of derivatives documentation when writing my diploma thesis on measuring the credit risk ofOTC derivatives while I was an economics student at the University of Bonn. Despite the fact that security design has been an area of research in economics for many years and despite the widespread use of derivatives documentation in financial practice, the task of designing contracts for derivatives transactions has not been dealt with in financial theory. The one thing that aroused my curiosity was that two parties with usually opposing interests, namely banking supervisors and the banking industry‘s lobby, unanimously endorse the use ofcertain provisions in standardized contracts called master agreements. Do these provisions increase the ex ante efficiency of contracts for all parties involved? I actually began my research expecting to find support for the widely held beliefs about the efficiency or inefficiency of certain provisions and was sur- prised to obtain results that contradicted the conventional wisdom. I would strongly advise against using these results in any political debate on deriva- tives documentation. They were obtained within a highly styliz |
| 出版日期 | Book 2001 |
| 關(guān)鍵詞 | Derivate; Derivatives Design; Derivatives Documentation; Finanzierung; Finanzierungstheorie; Incomplete C |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-56932-6 |
| isbn_softcover | 978-3-540-67934-9 |
| isbn_ebook | 978-3-642-56932-6Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
| issn_series | 0075-8442 |
| copyright | Springer-Verlag Berlin Heidelberg 2001 |
|Archiver|手機(jī)版|小黑屋|
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