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

Main Authors: Baron, Ken, Lange, Jeffrey (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: London Palgrave Macmillan UK 2007, 2007
Series:Finance and Capital Markets Series
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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:XXVII, 278 p online resource
ISBN:9780230627505