derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …

. Therefore, the aim of this article is to systematise the potential risks of derivatives in the context of the past global … revealed the challenges and risks of derivatives and showed the tremendous impact that their imprudent use may have on the … certain risks. Infrastructures of the derivatives market, liquidity and an adequate supervisory framework are necessary to …

Using a novel regulatory dataset of fully identified derivatives transactions, this paper provides the first …

Credit derivatives are the latest in a series of innovations that have had a significant impact on credit markets …. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated … with an increase in bank credit supply. We find evidence that greater use of credit derivatives is associated with greater …

for financial institutions. At the same time, the use and thevaluation of credit derivatives has been widely criticised as … a result of the crisis. Over the pastdecade, credit derivatives emerged as an important part of credit risk management … derivatives no longer seems to bean appropriate alternative. However, correct valuation of these derivatives is still challenging …