Kaufman, George G. (contributor) - 2003 - [Elektronische Ressource]
markets. But resolving swap positions at insolvent banks, particularly a bank's out-of- the-money positions, has received less … result in large- fire sale losses and ignite defaults in other swap contracts. Transferring the contracts both is costly to … third option that keeps the benefits of both options but eliminates the undesirable costs. It permits the contracts to be …