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derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …
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This paper documents the use of derivatives by securitisation special purpose entities (SPEs), also known as financial … Infrastructure Regulation. We show that these entities primarily engaged in interest rate derivatives over the period of 2015 …
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derivatives including all firms based in the European Union. On average, we find that around 75% of market gross notional relates …
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