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

literature is twofold: (i) We present a theoretical two-period regret model that allows us to analyze the determinants of the …

counterparty credit risk in derivatives markets. I perform an empirical study of the incentives for voluntary central clearing of … significant amount of clearing happens only for credit and interest rate derivatives, while equity, foreign exchange, and … commodity derivatives are rarely centrally cleared. The results validate theoretical literature, and guide future modeling of …

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

We investigate regulatory arbitrage during the G20's global derivatives market reform. Using hand-collected data on …

This paper is the first to analyze the joint determinants of premiums and spreads in structured financial products … other, and depend on different key determinants. The economically significant determinants of the premiums are mainly profit …