Bodnar, Gordon; Fortun, Jonathan; Marquez, Jaime - In: Journal of Risk and Financial Management 10 (2017) 2, pp. 1-23
That the global market for derivatives has expanded beyond recognition is well known. What is not know is how this market interacts with economic activity. We provide the first empirical characterization of interdependencies between OECD economic activity and the global OTC derivatives market....