Schinasi, Garry J.; Craig, Richard Sean; Drees, Burkhard; … - Internationaler Währungsfonds - 2000
financial markets. This paper also highlights the key features of modern banking and over the counter (OTC) derivatives markets … describes how OTC derivatives activities have transformed modern financial intermediation and discusses how internationally … exposures to the counterparty (credit) risks embodied in their OTC derivatives activities. In order to rebalance private and …