The financial industry’s invention of complex products such as credit default swaps and other derivatives has been … employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at …

The financial industry’s invention of complex products such as credit default swaps and other derivatives has been … employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at …

This paper highlights the role of risk neutral investors in generating endogenous bubbles in derivatives markets. We … propose the following theorem. A market for derivatives, which has all the features of a perfect market except completeness … fundamental values of derivatives, and that extreme price movements like price peaks or crashes may have endogenous origin and …

that is the increase dealing with more complex financial instruments, such as derivatives. The purpose of my research is to … show the advantages given by using derivatives, being aware of the costs and risks associated. …

Currency and interest rate swaps are subject to a complex, two-sided default risk. Several theoretical papers have …

Currency and interest rate swaps are subject to a complex, two-sided default risk. Although several theoretical papers …

This paper develops a framework for modelling risky debt and valuing credit derivatives that is flexible and simple to … spreads from assumptions concerning the default process, we work directly with the evolution of spreads. The risk … specifications for default; we present an empirical example of a default structure which provides promising calibration results. …

Currency and interest rate swaps are subject to a complex, two-sided default risk. Several theoretical papers have …

Currency and interest rate swaps are subject to a complex, two-sided default risk. Although several theoretical papers …

Currency and interest rate swaps are subject to a complex, two-sided default risk. Several theoretical papers have …