Showing 1 - 10 of 7,053
Persistent link: https://www.econbiz.de/10003536989
We develop a model of equilibrium entry, trade, and price formation in over-the- counter (OTC) markets. Banks trade derivatives to share an aggregate risk subject to two trading frictions: they must pay a fixed entry cost, and they must limit the size of the positions taken by their traders...
Persistent link: https://www.econbiz.de/10013084727
Persistent link: https://www.econbiz.de/10009738904
We develop a model of equilibrium entry, trade, and price formation in over-the- counter (OTC) markets. Banks trade derivatives to share an aggregate risk subject to two trading frictions: they must pay a fixed entry cost, and they must limit the size of the positions taken by their traders...
Persistent link: https://www.econbiz.de/10012459749
Persistent link: https://www.econbiz.de/10014427197
Persistent link: https://www.econbiz.de/10001254536
Persistent link: https://www.econbiz.de/10000793119
Persistent link: https://www.econbiz.de/10012010234