This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …

econometric performance of regime-switching models for interest rate data from the US, Germany and the UK. There is strong …

bonds between high yielders, namely Italy, Spain, Sweden and Germany. In particular we address the question of the relative …

besides the United states, using a newly constructed data set for 1 to 5 year interest rates from Britain, West Germany and …

to compute more complicated derivative securities …

This paper will discuss the role of derivative products in international capital flows, especially in providing a means …

Given a European derivative security with an arbitrary payoff function and a corresponding set of" underlying … securities on which the derivative security is based, we solve the dynamic replication problem: find a" self-financing dynamic …