Bodnar, Gordon M.; Fortun, Jonathan; Marquez, Jaime R. - In: Journal of risk and financial management : JRFM 10 (2017) 2, pp. 1-23
market interacts with economic activity. We provide the first empirical characterization of interdependencies between OECD … economic activity and the global OTC derivatives market. To this end, we apply a vector-error correction model to OTC … of OTC contracts is too pronounced to be reliably summarized by our measures of economic activity. The one exception is …