Dowd, Kevin; Blake, David; Cairns, Andrew; Dawson, Paul - 2005
of specialist information economies. These economies are the gains to be
obtained from specialized knowledge of SS … intermediary that trades SSs on a daily basis is well placed to invest in such
knowledge. Such a firm would benefit itself (e ….g., through superior knowledge of
how to structure swaps, how to manage the risks involved, how to exploit market
14 THE JOURNAL …